86 cars in April. They'd hoped to be doing 1,000 per month by now. Can't even do 100 consistently. They're flopping in Germany for cultural and technical reasons.
Meanwhile, VW and BMW are each selling a few hundred of their more affordable city car models.
Germans expect much more for a $100,000 American car, and they're loyal to their domestic brands.
They had hoped to be doing 1,000 cars per month by late 2014, but they still can't consistently crack 100.
My German friend believes they will continue to fail because Germans won't pay anywhere near the price of a Tesla if it can't do long-distance trips at Autobahn speeds, and the Tesla's range is severely restricted at Autobahn speeds and automatically slows down after relatively brief period at Autobahn speeds to prevent preserve the battery.
Tesla is STILL flopping in Germany!
Therefore, the stock belongs around $55, all else being equal.
They are not offering anywhere near $60+. It's $54.50 cash. Or ordinary shares in the new company, or restricted shares in the new company, or some combo. They're offering less than yesterday's closing price, and it won't happen until almost a year from now.
You're totally confused. They're offering $54.50 per share in cash, OR ordinary HoldCo shares, OR restricted HoldCo shares, OR a combination of those. The deal still needs to be approved by shareholders, and in any event, it won't close until early 2016. The deal values BRCM at $54.50 per share on a cash basis.
Avago is valuing Broadcom at $54.50 per share, because that's what they're offering in cash.
You'll never see $7-8 again. Each successive quarter of solid improvement sending JCP closer to 2017's $1.2 billion EBITDA will keep upward pressure on the stock, and analysts will be forced to keep raising target prices. It will be a long grind upward with a few hiccups along the way, but your short cause is lost.
$9-10 in one year, $12-15 in 2 years.
"I'm raising my target price from $5 to $7, but I'm STILL telling you to sell it, even though my target price will probably be $8-9 in a year."
And I'm paid a hundred thousand dollars a year to tell you that.
Yesterday's selloff seems overdone.
Assuming only 100-150 basis points of gross margin improvement as guided this year, some of the 400-500 basis point improvement in comp store sales would likely be traffic growth.
Piper Jaffray $14-15
Consensus target was $8.44 for 18 analysts
Moves to $8.66 after these three upgrades
Back out the outliers $3 and $15 = $8.62 on 16 analysts
Not reflected yet on Yahoo Finance
How much is 2017's $1.2b of EBITDA priced in? How much is fear of bk still priced in?
They'll be cash-flow neutral this year. As they continue improving the company, they'll be able to refinance their debt. There's no way they'll go bk.
Probably trending 5% comps July quarter. No bad inventory overhang, traffic going up, heading for break-even GAAP eps in 2016, and $300m free cash-flow. 2016: $900m EBITDA - $400m int exp = $500m cash-flow before capex - $200m capex = $300m free cash-flow = $1.00 cash eps.
One-year target $10+. Macy's and Kohl's are losing market share to JCP as customers steadily return to the reborn JCP.
Market sentiment still neutral/bearish, which is exactly the right time to buy as the turnaround continues.
When recent panic sellers and shorts realize it's staying in the $8s, it will rebound back high $8s.
Traffic coming back, anyone short now is foolish. The analysts are mostly wrong on this one.
Thanks for your panic selling today! I just bought more in the low $8s.
Looks like 4-5% comps in July quarter, and turnaround is chugging along. All these analysts with their foolish price targets of $1,3,4,5,7 will gradually be forced to admit they were wrong. Each successive quarter or progress puts a little more pressure on bearish analysts to admit they've been wrong. JCP will hit $10 within a year.
That falsely assumes that in Q4 they can go from zero Model X deliveries to 11,607 in one quarter.
They'll do at most half of that, which means about 50,000 deliveries in 2015.
Remember, they usually over-promise and under-deliver. It's a complex, difficult task they're working on, so expect more delays and obstacles along the way.
They also expected to launch Model X over one year ago, and look what happened.