Good for you.
I've given up on fruitless back-forths with the bashers here, this mb is looney tunes. Just continue to monitor the turnaround process, and patiently bide your time.
There's no question that cheap gas is a powerful boost to consumer spending, the US economy and JCP---though our resident mb bashers have ridiculed this notion.
Review GM's December sales report for another indication---unit sales blew out estimates, and on top of a rise in average transaction price.
"If you have not been in a JCP store in 4 years, how are you going got know what they have on the shelves? LOL."
You're perceptive--many bashers prefer to stick with their prejudices.
""Our highest priority over the last year has been to restore profitable sales growth at JCPenney. This holiday season was instrumental in that effort - and our teams delivered."
Let's see what Mr. Ullman has delivered. I'll go on record with a 35%+ GM.
You're playing fruitless mind games with yourself.
LINE has greater capacity to deal with the stress of falling commodity prices than many other USA independent producers. If it plays its cards right, it'll emerge with a larger asset base and find itself in a few years monetizing some of the assets it bought on the cheap to pay down debt. This is how the big boys such as XOM play.
These weaker ones will buckle first. Not impossible, but certainly highly improbable that oil needs to hit $20 before the supply/demand equilibrium is re-established.
I can appreciate the distress that LINE's share price fall has caused investors, but panic induced muddy thinking won't help. Look at the share price--it's slightly green as I type this, while the market is broadly red.
Salient summary from the cc this morning: "It's a challenging environment, no doubt. But, there's lots of opportunities to grow the company."
" "some firms have put on new hedges that will help prevent their revenues from falling further""
I'm not sure how some lucky/skilled firms' good fortune changes the larger picture of restoration of supply/demand equilibrium.
Darwinian selection is in process in the oil/ng sector--the strong will prevail over the weak. The sharper the pain, the quicker the recovery.
Thank you for the link--very nice.
Mastercard's report is telling.
PS: Ignore tngenchek. Poor soul--he's joined the riff raff crowd on this mb, just hungry for attention.