I gave you an answer; you forget to reciprocate ??
tngenchek • Jul 25, 2014 5:23 PM
My guesstimates(opinion) of Q2 I've posted before. You were forewarned they would be massaging the numbers with the new accounting procedures re: liquidation merch, etc., guidance was mid single digits (5-6%??) add the massage # of 1.3% and you get sales of 6-8, margins will come in between 34-36% giving bagholders a reason to non-stop dancing in the streets that the "turnaround" is indeed taking hold. I'll do a Mike/Yah here and say the stock will go up or down but probably not stay the same. All kidding aside, I look for quite the pop in the PPS.
After the initial euphoria passes and the bean counters start tearing the numbers apart, they won't look as good as at the first glance, reality of the debt etc. take hold, and back down she goes.
The second mouse gets the cheese !!!
Doesn't help you at all, the cheese is poisoned and the first mouse was an HIV positive Ebola carrier.
learn to let go to live longer & happier with family and friends
If you don't have friends you always know who your enemies are !
Think about it.
yahutag • Jul 29, 2014 11:09 AM
Quote from Bloomberg released this morning:
"Consumer confidence is by far at its best level of the recovery, at a much higher-than-expected 90.9 in July vs an already very strong and upwardly revised 86.4 in June. July's level is the highest since December 2007 while the June reading is the second highest since January 2008."
This is very good for JCP.
There ya go, somehow he'll spin "Increased consumer confidence" into "looking for convenience by shopping at JCP.
Pretty much the same way he just spun NOL(carry forward losses) into the subject of "pass through REITS" with the caveat that JCP shouldn't convert itself into a REIT just yet. We have to wait until they make "Historic profits first"
What you have on your hands is someone educated way beyond their intellect.
Doesn't necessarily help the PPS for shareholders. Assume they do exactly as you say and the "lit" value of the RE is substantially more than the Cushman valuation and they pocket some cash from the transaction.
All the proceeds are meaningless if they still have even close to the projected cash burn rate, thus no change in shareholders equity, with the added "benefit" you have one less thing to put in hock !
Word for the day Danzey
If he were lying, he would be liable, and could be found guilty of libel.
For everyone else it's the "Word for the day"; Danzey, feel free to take a week or two
You wouldn't know anything about it would you???
Yet another post where peeniemin demonstrates how much he hates the customers and how much he holds them in contempt
Wonder how much of the 5 billion in lost sales is RJ responsible for and how much Freetoplease lost for them.
Sad to say I've encountered more than my share of worthless, rude managers such as he. He's probably stupid enough to think employees are "laughing WITH him"
The notion that shoppers were offended, insulted, or alienated by the changes RJ made is completely unsubstantiated
Using the empirical evidence as noted on various social media of the time, that is totally untrue. They were angry, felt let down, and definitely felt alienated by the non-response of the company. When a customer finds a new home, most tend to stay there. Contrary to our idiot friend Freetoplease, most aren't going to come running back for a piddly coupon or a new CEO or BOD saying "I'm Sorry we treated you likecrap"
People don't care about CEO's, BOD's, mission statements, etc, but they do care about not having their input considered, poor service, poor merchandise selection, etc. Once trust that took a 100 years to build is lost, you don't gain that back in one week, one month, one year or in a lot of cases in one decade. Even allowing the seemingly endless excuse of RJ's lingering effect, based on your theory the first quarter should have seen a dramatic increase in customer traffic that wasn't borne out by sales, and the second quarter should be up in the mid-teen digits.
At some point in time we have to shift the responsibility from RJ's to Ullman's shoulders. We can only blame him so long for the over inventory, HUGE loans, HUGE dilutions, and currently borrowing money to pay back borrowed money.
As long as we're trading headlines
"One-third of Americans are drowning in debt".........The report is based on data from TransUnion, one of the three major credit reporting agencies. ........Delinquent debts are prevalent across the country.
This is not good for JCP
I understand humans very well, You, I'm having a very difficult time with !
Let's just back test your theory my fraudulent friend. We'll use last quarter as a focal point to see if the customers from the 17 billion dollar era are really returning.
Your sales for the last three years have been 17 Billion then 13 Billion then 12 Billion - as of the last figure MU had been in charge for ONE YEAR. His last quarter managed to pull out a 150 million dollar increase over one of the worst years ever in anyone's retail history. Traffic isn't exactly blowing anyone away. Guess those "dregs of customers" may not be as dumb as you think.
Sorry those figures just done "bear" out what you're saying.
First item, for a short to make a profit he doesn't have to wait until a reorganization or liquidation, although I personally believe JCP will enter reorganization sooner or later.
I believe this is a no brainer short, since in business, especially retail, you do not turn an entire 100 year oldcompany upside down in just a few months without drastic consequences. Your sales have decreases 33% and your GM has decreased 25%and your debt load has increased 4Billion dollars just to pay bills.
Longs will tell you it's a cake walk to bring back those customers and sales. News Flash, once a pizzed off customer has found a new home somewhere else, they're just not going to come running back because you hired a new CEO and said I'm sorry.
If I told you Macy's or Kohl's had a secret plan and was going to increase their sales by 50% you would think anyone saying that would be crazy, but substitute JCP for M and all of a sudden they can tell you how easy it's going to be to nail a 3-4-5 bagger.
Bottom line, everyone dreams of winning the lottery against the longest odds, well the odds are very long here as well. All of your big/smart money players have losttheirass and tossed in the towel already.
If you are serious about going long on this stock, ask yourself, what do I know that savvy investors as Soros, Ackman, RJ, Bass, Perry, Vornado did not know ????
You are correct, the statement from Myron I referenced did say "Close Catalog and Call Centers and "streamline" custom decorating".
Let's see how that would go down in the real world.
- Hi, I'd like to speak to your department manager.
Which department, sir?
- All of them
And who may I say is calling?
- I'd like to know what your sales figure are this month compared to last month.
SureRetardo, let me connect you. CLICK
So you, byetwoholed, cmontx, & cladthebuc all show up about the same time
Maybe all of our multi ID'ed pumpers do show up at the stores at the same time, proceed to count each other and proclaim TRAFFIC IS UP.
That would account for there being more people in the stores without more sales.
Call the stores and speak to the department managers, IDIOT
Department AND store managers are no longer given that information. IDIOT
tngenchek • Jul 24, 2014 11:00 AM
What are you babbling about, there are 1069 JCPenney stores, there are no longer any catalog outlets. Myron closed those and the call centers and the custom decorating operations his first round at bat back in 2011, just a couple of years after they discontinued the Big Book Catalog.
He's just posting something he Googled and not actually working for the company, didn't understand what he read . He posted that originally under one of his other ID's
freellroam2014 • Jul 24, 2014 8:25 AM