Home sales are strong (new construction and resale)--research the stats--with positive implications for home furnishing/decorating sales.
You're a good man--I like you and your sense of humor. I'm also long.
As for lancer2k et al---no point wrestling with greased pigs, extinguish them with a click of the iggy button.
Buddy, folks like you who spend all day on a cyberspace MB live fantasy lives. You really need to get out for some sunshine and fresh air.
Rate cut--that's half the deal.
The other half of the deal is the HMM equity given in partial compensation for the rate cut. Too, I believe the agreement also contains provisions for something equivalent to profit sharing for the ship owners.
Net-net, I'm not sure that the effective rate cut is as much as at face value, it may turn out to be far less with the potential for gains to the shipping firms making up front concessions. Too, there are strategic aspects/values to the HMM situation and deal---ie, long term, HMM and its ship owner firms will be far stronger and with stronger ties having worked through a tough situation together.
BTW--there are excellent exchanges in the MB section of Darren McCammon's "Red Sky at Night" article on SA.
I don't think so--oil is unlikely to dip back to 20s, not with the impact of capex cuts now taking hold via falling production volumes globally.
Glad that you're pocketing profits.
But, it's the firming of rental rates that's driven up shares--should go much higher.
I'm afraid that you don't understand.
Balance sheet versus cash flow/EBIDTA.
NPV values can swing down AND up, based on commodity prices, cost cuts, etc.
I did a search for Calif muni bonds (GO and Revenue), BB to BBB, and maturing in 5-10 years.
Of a lengthy list, nothing with YTM greater than 2-3%.
OTOH, junk bonds (of stronger companies) in the distressed oil sector have moved up sharply over the past 2-3 months (e.g., from 60s to 80s/90s range).
And, with global interest rates likely to remain depressed for years longer, and with credit upgrades for JCP, there's a very high chance of over subscription for this re-fi.
JCP's turnaround is gaining traction---despite what the jesters on this mb say.
And, this is no secret---a top priority as identified in investors presentations.
The tide has turned in a very convincing way as indicated in the monthly chart.
You don't have a clue.
Mr. Stevens was dealt a very difficult hand as head of a new company---saddled with debt at a time of plunging commodity prices.
He and team are managing a very tough situation as best as a shareholder can hope for--this reverse split is necessary. And, btw--the shareprice has turned up into green territory.
BTW--why did you invest in crc without doing careful DD?
"..it will gain market share quickly in this environment."
There's that Chinese proverb about opportunities in crises....which an adept management team will seize.
It's not binary.
For JCP, it's all about incremental improvements--the sum of many, many incremental improvements. There's simply no denying that the post-Johnson management team has posted significant improvements over the past 2 years.
As reported by the WSJ today.
Another bit of tailwind for JCP's home furnishing/appliance segment.
Consumer spending is actually quite strong--it all comes down to merchandising strategy at the retailer level.
"Very accurate statement. It will make the short term cash look better, but in the long run those monthly payments will exceed the revenue generated by the sale. It would be even greater if it were a double or triple net lease as opposed to a straight square footage lease. A benefit would be converting the equity to current cash is that it gives you an extended time period for your plans to come to fruition. Guess it depends if you're looking at the short or long term benefits.
As plain as daylight, except to tnqechek.