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Zumiez, Inc. Message Board

tngenchek 392 posts  |  Last Activity: 15 hours ago Member since: Sep 3, 2009
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  • Reply to

    What did Royce actually say?

    by tngenchek 23 hours ago
    tngenchek tngenchek 15 hours ago Flag

    My personal observation shows traffic is up in the area i live and places i visit looks to be busy by about the same amount that i see here.
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    There are 1069 stores, how many have you visited and how many hours did you observe each one. IDIOT

  • Reply to

    What did Royce actually say?

    by tngenchek 23 hours ago
    tngenchek tngenchek 15 hours ago Flag

    Are you saying that traffic today is lower than a year ago?
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    I"m saying traffic today is lower than two years ago. 1 year ago comps are so easy to beat they are meaningless.

    Now be a good little toad and tell me how your traffic is up with 12-13 billion in sales when you had 17 billion in sales AND WEREN'T MAKING IT??????????

    I'm not going to tell you anything, you wouldn't hear me anyhow with where your head is, but feel free to continue whistling past the graveyard, ignoring all fundamentals, etc.

    I encourage you not to sell, but to buy as much as you can afford or even borrow.

    I'm sure you're the guy that's smarter than Soros, Buffett, Cuban, Perry, Bass, Ackman ,RJ......... funny how you don't sound like it.

  • Why Warren Buffett Wouldn't Touch J.C. Penney Stock

    Both our operating and investment experience cause us to conclude that 'turnarounds' seldom turn, and that the same energies and talent are much better employed in a good business purchased at a fair price than in a poor business purchased at a bargain price. -- Warren Buffett, 1980

    CEO Warren Buffett realized that investing in turnarounds was just a waste of energy.

    investors in J.C. Penney would be wise to heed Buffett's wisdom. A large number of "value" investors have piled into J.C. Penney stock in recent months,.......... Yet J.C. Penney remains unprofitable -- and if you believe Warren Buffett, it may never be fixed.

    Buffett would caution that for every successful turnaround story, there are many more turnaround candidates that either limp along or quickly spiral into bankruptcy.

    Despite the sales and margin improvements, J.C. Penney still lost $344 million before taxes on sales of $2.8 billion. That's a double-digit negative profit margin

    Much of J.C. Penney's improvement last quarter can be attributed to its terrible performance the year before. It was simple for J.C. Penney to look good going up against such easy comparisons. However, there's little evidence that J.C. Penney is attracting new fans (as opposed to getting back some of the customers it lost), which bodes ill for its long-term prospects.

    ---------------------------------------------------------

    Well, if Buffett won't buy JCP, maybe Soros will ride to the rescue............................... oooopsie, been there done that !!!

  • Reply to

    Back to School Sale

    by cladthebuc 22 hours ago
    tngenchek tngenchek 21 hours ago Flag

    Just wanted to let all the longs know that local Atlanta JCP store was hopping yesterday.
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    It's back to school time, happens every year this time, TGT, M, WMT, KSS are all HOPPING. Hope you didn't base any real investment on your observation.

    I

  • Reply to

    What did Royce actually say?

    by tngenchek 23 hours ago
    tngenchek tngenchek 21 hours ago Flag

    Not rocket science, you were selling 17 billion and now you're barely eking out 12 billion. What are all those "traffic" people doing in the store? They apparently aren't buying anything.

  • Reply to

    What did Royce actually say?

    by tngenchek 23 hours ago
    tngenchek tngenchek 21 hours ago Flag

    words conveniently omitted, whoooppsie......"which they have done".
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    Hmmm, when I read and reread my post those words were NOT omitted, maybe you should take some of your profits on this stock and buy a new computer.

    On a side note the words "which they have done" was preceded by "Get their customers back", which by any metric you want to use HAS NOT HAPPENED so "which they have done" is either a lie or error or omission, take your pick

    I could care less what the losses they announce in 3 weeks are, no action required on my part. Maybe you get a wonderful number and the PPS blips mid double digits, still has not changed any fundamental in this company. When a fundamental changes, so will I.

  • Reply to

    What did Royce actually say?

    by tngenchek 23 hours ago
    tngenchek tngenchek 21 hours ago Flag

    JCP financials report traffic is down, until they report traffic is up, IT'S DOWN.

  • Mr Hench pointed out that in the event of J C Penney Company Inc (NYSE:JCP) managing to “get their debt in order and raise cash and get their customers back, which they have done and make a little bit of money”, then the stock would be a strong performer.

    --------------------------------------------------------

    Soooo - the only things they have to do to succeed is

    1. Pay Debt
    2. Raise cash
    3. Bring back their customers
    4. Make a profit
    -------------------------------------------------------

    Gee, sounds like a cake walk to me !!!!

    so far they've

    1. Increased debt to raise cash
    2. Traffic count is DOWN not up
    3. Well, the profit story speaks for itself.

  • Reply to

    Channel check

    by tngenchek Jul 26, 2014 5:16 PM
    tngenchek tngenchek Jul 27, 2014 7:31 AM Flag

    After all options, dividends**, etc. my short price is $24.52. 12 bucks isn't the slightest bit concerning, primary reason being, even if you hit it temporarily you can't hold it. This stock is not destined for greatness.

    **Yes, I had to cover some dividends before they canceled them, but it was a good short then and an even better short now.

  • Reply to

    Channel check

    by tngenchek Jul 26, 2014 5:16 PM
    tngenchek tngenchek Jul 27, 2014 7:23 AM Flag

    DO NOT sell both shares, it's waving a red flag to the IRS when your income doubles.

  • Reply to

    I HAVEN'T HAD SO MUCH FUN IN YEARS.

    by danzeytakeoffs Jul 25, 2014 4:19 PM
    tngenchek tngenchek Jul 26, 2014 6:08 PM Flag

    HAVEN'T HAD SO MUCH FUN IN YEARS............THE NIT-WIT WATCHING WAS GREAT.
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    Glad you had a good time at the family reunion but the rest of us don't post about our relatives, you shouldn't either.

  • Reply to

    Morning all

    by libocceclub Jul 26, 2014 7:24 AM
    tngenchek tngenchek Jul 26, 2014 6:05 PM Flag

    Let the shorts try to fight with the hedge funds, ie Royce Hedge Fund, and see who will win out?
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    I'm going on record that the shorts will "fair" just the same with the Royce Hedge Fund as they did with Ackie, Vornado, Soros, Perry, Cuban and every other Big/Smart money that losttheirass of this POS.

  • tngenchek by tngenchek Jul 26, 2014 5:16 PM Flag

    Took an hour drive down ole I-25 to see for myself the miraculous JCP "Turnaround. Walked in and could see by the lack of footprints in the dust on the floor I was the first customer. Detecting the odor of cat urine I traced it back to the kitchen appliance department where several of the WMT part-timer were supplementing their income by cooking up a batch of meth using the acid from one of the returned batteries from the "JCP lifetime guarantee" and some chems from the hair salon left over from the RJ "Free back to school haircut" days that was supposed to increase sales more than the "Joe Fresh" innovation. Asked how the SSS looked for this quarter and he said they had been very busy over the last couple of weeks an showed me a register full of IOU's for returns they didn't have the money to make.(was very optimistic since the returns wouldn't be counted against SSS increases with the new accounting procedure), thought SSS increase should be around 75% and the Gross Margarine should be around 98-99% according to what he had learned from his "taught at the college level" economic professor.

    Bottom line: All bagholders should commence buying Pre-market Monday and not stop until all available cash has been utilized and then buy as much as you can on margin.

  • Reply to

    Did JCP CEO start working at AMZN

    by tngenchek Jul 25, 2014 3:39 PM
    tngenchek tngenchek Jul 25, 2014 7:42 PM Flag

    As long as we're on Q2, you mentioned in a prior post that the rumor mill had something speculated for Mid August.

    We naturally know that's loss reporting time, and we have a new CFO and we instituted a "make up your own numbers" accounting change. Does your rumors have anything to do with putting those three pieces of information together?

  • tngenchek tngenchek Jul 25, 2014 5:24 PM Flag

    Save some powder.
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    Why, did I miss something that needed shooting???

  • Reply to

    Did JCP CEO start working at AMZN

    by tngenchek Jul 25, 2014 3:39 PM
    tngenchek tngenchek Jul 25, 2014 5:23 PM Flag

    You follow Macke, take him seriously?
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    I don't follow anybody(retail) with the exception I respect the opinion of Davidowitz, everybody else needs to come with verifiable facts or state it's just their opinion.

    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.

    Your turn.

  • "Not even Bezos can get the benefit of the doubt when projecting a nearly billion loss without explaining where the money is going"**

    Gee, where have I heard that kind of thing before, HMMMM, right on the tip of my tongue, wait a minute, sure it'll come to us soon.

    Supor - quote is from Jeff Macke

  • tngenchek tngenchek Jul 25, 2014 3:35 PM Flag

    Good ole American steel!!!!
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    "American Steal"

    Isn't that what hedge funds have been doing to JCP bagholders for the last few years.

  • tngenchek tngenchek Jul 25, 2014 2:53 PM Flag

    Remind me...how many hundreds of millions the hedge funds holding long have lost?
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    I'll have to get the BIG calculator for that one; let's see, at one time this was trading for 80 bucks a share(then the morons actually bought back shares at that price) and there was 200M shares = 16 billion market cap..................................................... market cap today is 2Billion ???

    Those long hedge funds sure have made a bundle, but I'm sure the current batch of longs are soooooooooooooooooo much smarter, er - - right???

    Because that was yesterday and today is today.

    Count down to Markets fact check - - - - three - - - two - - - - one - - - - GO

  • Reply to

    Big Boys Starting To Pile Into JCP.

    by byetwoholed Jul 23, 2014 1:51 PM
    tngenchek tngenchek Jul 25, 2014 12:55 PM Flag

    RM s/b GM

ZUMZ
27.07-1.19(-4.21%)Jul 25 4:00 PMEDT

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