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J. C. Penney Company, Inc. Message Board

tngenchek 482 posts  |  Last Activity: 22 hours ago Member since: Sep 3, 2009
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  • Reply to

    JCP has No Need to Raise New Capital

    by messnervan Sep 19, 2014 11:36 AM
    tngenchek tngenchek 22 hours ago Flag

    A statement would be nice, but a picture of his hands at the same time would be good. The last time he must have had his fingers crossed behind his back

  • Reply to

    JCP has No Need to Raise New Capital

    by messnervan Sep 19, 2014 11:36 AM
    tngenchek tngenchek 22 hours ago Flag

    If the plan is bankruptcy court, then you are correct, they don't need more capital.
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    If you were talking chapter 7 you would be correct. If you are talking chapter 11 reorganization you would not be correct. One key element to a successful reorganization is enough cash to see it through. For a company the size of JCP I would put that figure close to a billion dollars in CASH(not liquidity) Right now they only have 850 million and the holiday season is coming up with all those big bills to be paid.

    They know all this and have a plan.

  • Reply to

    Only thing that matters is EBIDTA

    by investment_guru_1 Sep 19, 2014 4:48 PM
    tngenchek tngenchek Sep 19, 2014 5:38 PM Flag

    " If the trend countinues up and leads to say $250M per quarter, we (i.e. longs) are rich!"
    .
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    ........................................................."IF"....................................

    At this point it doesn't look likely

    Credit Suisse = Past results are not sustainable

    Sp = They're just dying slower

  • tngenchek tngenchek Sep 19, 2014 4:55 PM Flag

    Nothing ever gets better because things were so bad in the past.
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    Always looking in the past?? No dear boy, not true at all. I'm definitely looking at FUTURE debt load, FUTURE HUGEMONGOUS interest payments, No FUTURE real clear cut plan for gaining back 5 billion in sales.

    We're gonna sell more stuff to more people at a higher price" IS NOT A PLAN !!!!!

    Borrowing money to pay back BORROWED MONEY is not a plan !!!! In the REAL world it's called "kicking the can into the FUTURE"

    AND I do see things in motion; aturd swirling in the toilet IS motion.

  • tngenchek tngenchek Sep 19, 2014 4:19 PM Flag

    that is like saying we have unemployment at 6% and it is bad
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    Great analogy, thanks. This(JCP) could be compared exactly to the unemployment rate dropping to 6%; Bagholders want to believe so bad, the look no further.

    How did we get to 6% unemployment? Several ways.

    We have the FEWEST people EVER in the work force and as more people stop looking for work they number will drop even further.

    We have the MOST people ever on DISABILITY

    Now that 6% unemployment rate doesn't look so rosy anymore. The average sucker doesn't look beyond the number 6.

    How is that relevant to JCP, you ask?

    You can look at the 6% SSS sales increase and do your "Happy turnaround dance" and ignore the fact they cannot pay their debt load annnnnnnnnd it keeps growing in spite of some posters assertions they are "paying down the debt". You can also ignore almost every other negative metric, but it will come at a huge price down the road. I believe they call it the "Ostrich theory"; bury your head in the sand and hope the danger goes away; but if your head is in the sand guess where you get bit?????????

  • Reply to

    Remember Bagholders

    by maffholand2 Sep 19, 2014 3:54 PM
    tngenchek tngenchek Sep 19, 2014 4:10 PM Flag

    No longer in BK outlook very positive watch the numbers grow for Xmas
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    Numbers grow every Christmas, no point to that observation, because right after the holiday season comes the "cash burn" season.

    If you read all the ratings agencies etc. BK is only TEMPORARILY off the table. A couple of down quarters and you'll see how fast this resembles the RSH story

  • tngenchek tngenchek Sep 19, 2014 3:42 PM Flag

    How does that compare with the cumulative loss by Amazon?
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    .
    Ok, how does it compare and how does it affect JCP?

    That's no better than saying something like "Well Best Buy isn't broke so JCP must be a good buy because that means they won't go broke either"

  • tngenchek tngenchek Sep 19, 2014 3:40 PM Flag

    But you don't understand how good this is when you cherry pick 1 quarter's figures. Bottom line, they have and are still showing a loss. If you want to go back a quarter or two, the money they paid back on the loan was BORROWED money to start with. Guru isn't looking at the whole picture, just one line item.

    Look at the total sales, the total debt, the total losses and stop using the financial footnotes to tout the turnaround. They come up with "One time" items every quarter it seems. One time it's tax writeoffs, next time it's creative accounting changes to boost SSS by a couple of percent by not counting liquidation item, etc.

  • Reply to

    CASH FLOW POSITIVE

    by futuresrnow Sep 19, 2014 1:54 PM
    tngenchek tngenchek Sep 19, 2014 2:20 PM Flag

    you're listening to fluff and mis-direction
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    "Fluff and mis-direction"

    Good catch, I didn't notice Yah tag had changed his ID.

  • Reply to

    JCP has No Need to Raise New Capital

    by messnervan Sep 19, 2014 11:36 AM
    tngenchek tngenchek Sep 19, 2014 12:11 PM Flag

    Promise ??

  • Thought the Winter Olympics were back and they put up a picture of the ski slope and went home !

    Where is Market and Yah and gibberish boy to explain how this is just washing out weak hands and the smart money is buying???

    If those weak hands get "washed" any more they'll look like prunes !

  • Reply to

    Longs...

    by libocceclub Sep 18, 2014 11:12 AM
    tngenchek tngenchek Sep 19, 2014 11:16 AM Flag

    I added some shares right
    Here 10.65
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    Good call on that one!

    Have you ever thought you should be at Fultons Fish Market instead of Wall Street Stock Market

  • Reply to

    Longs...

    by libocceclub Sep 18, 2014 11:12 AM
    tngenchek tngenchek Sep 19, 2014 11:14 AM Flag

    I was pretty close in terms
    Of market hours
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    CLOSE only counts in "horseshoes" and "hand grenades", in the stock market it ranks with "shoulda coulda woulda"

  • tngenchek tngenchek Sep 19, 2014 10:06 AM Flag

    the more new shares they print, the lower the $$ losses per share ! .
    .
    .
    Good point, didn't think of that. Sooooo if we print, let's say, a billion shares, we should be profitable ????

  • What could we give our selves as an Anniversary present?? I know, how about a billion dollars in dilution.

    JC Penney Company, Inc. ( JCP ) announced a common stock offering for 84 million shares, which is in addition to the retailer's existing 220 million share base. Back of the envelope, this would imply about 30% dilution to existing equity shareholders.

    Specifically, 84 million shares of common stock at $9.65 per share.

    We're at almost 11 now, so that would be even MORE "Liquidity"

  • Reply to

    Longs...

    by libocceclub Sep 18, 2014 11:12 AM
    tngenchek tngenchek Sep 19, 2014 8:16 AM Flag

    Whoooeeee, Woe is me. I took 14 bucks of your stash and give you(worst case scenario) a dime back. That might make even me start speaking in gibberish.

    If that wasn't bad enough, they're prepping you for another dilution, pump up that price, sheeple will buy anything. Now tell me again what PPS was that the last time they diluted after telling you they had no need for cash; but I wouldn't worry gibberish boy. What are the odds they would lie to you twice about the same thing.

    After all; more is always better right; more debt, more shares, more losses?

  • Reply to

    Longs...

    by libocceclub Sep 18, 2014 11:12 AM
    tngenchek tngenchek Sep 18, 2014 7:18 PM Flag

    Why do you even bother with your predictions/projections. So far your batting average wouldn't get you on to a T-ball team. Combine your abysmal record with gibberish and your posts are relatively worthless. Feel free, however, to continue playing thumb games with Market when he comes back on the board the next time the stock goes up a nickel. His happy dance is a sight to behold.

  • Reply to

    Kohl's plans to B-Slap JCP this holiday season.

    by alloro Sep 17, 2014 10:57 AM
    tngenchek tngenchek Sep 18, 2014 7:12 PM Flag

    JCP is up 25% in the last 6 months. That is 50% annualized
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    .

    While you're at it have some explain to you why 25% every six months is NOT 50% annualized. Apparently you're still using that second grade math book. Our on board college professor can explain it for you. With the intellect and logic you've displayed so far, you don't have to worry about Mensa accepting you as a member, I'm guessing they might not even open your application envelope.

  • Reply to

    Kohl's plans to B-Slap JCP this holiday season.

    by alloro Sep 17, 2014 10:57 AM
    tngenchek tngenchek Sep 18, 2014 7:05 PM Flag

    Hilarious. JCP is up 25% in the last 6 months. That is 50% annualized
    .
    .
    If stupid hurts, you're in a world of unbelievable pain !

    Credit Suisse: ::"past results are NOT sustainable" !!! Linear projections are the hobgoblins of miniature minds. 25% gains every six months, whatever you're smoking isn't legal

    Read the caveats from each of the three ratings agencies

    Read my article "With J.C. Penney Struggling, Where Will It Be In 2020? Foreclosed?"

  • tngenchek tngenchek Sep 18, 2014 4:58 PM Flag

    Down yet again today ?? ..gosh, this is like that movie Groundhog Day...

    From Wiki = Groundhog Day is a American fantasy comedy

    "Fantasy Comedy" ??? Wouldn't exactly call it that, a whole lot of smart Big Money people have lost a boatload on this stock, then we have the not so smart, little money people on this board that have to still lose their money

JCP
10.23-0.54(-5.01%)Sep 19 4:05 PMEDT

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