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J. C. Penney Company, Inc. Message Board

rr_raj_rr 1 post  |  Last Activity: Dec 12, 2014 9:58 AM Member since: Jun 21, 2008
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  • rr_raj_rr rr_raj_rr Dec 12, 2014 9:58 AM Flag

    TLM refused $12 bid from Repsol in August. Repsol refused to pay $15. No deal.

    This go round Repsol wants to take advantage of oil drop.
    Doesn't make sense for TLM to sell out for $6. Doesn't make sense for Repsol to pay $15 or even $12 - at least until oil futures see a bright spot.

    What makes sense is Repsol scooping up parts of TLM. On the cheap. And TLM parting with them to bring in some cash.

    Repsol could go hostile first. $6-$8 for whole company - and take it directly to shareholders.
    Won't go below $4.50 from here - cue for the few brain dead shorty's left.

    Sentiment: Buy

JCP
7.27-0.19(-2.55%)Jan 30 4:01 PMEST

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