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J. C. Penney Company, Inc. Message Board

truthte11er 33 posts  |  Last Activity: Sep 19, 2014 7:18 PM Member since: Jun 16, 2000
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  • Reply to

    Thought alloro is smarti

    by investment_guru_1 Sep 19, 2014 2:57 PM
    truthte11er truthte11er Sep 19, 2014 7:18 PM Flag

    Changing your usernames doesn't hide who you really are loser.
    ----
    Which one is he? Hzan, bitemyhole or bullrunbullS((t

  • truthte11er truthte11er Sep 16, 2014 12:18 PM Flag

    lending yourself money, is that an "arms length transaction"?

  • truthte11er truthte11er Sep 15, 2014 8:49 AM Flag

    for legit debate on the long vs short thesis free of childish commentary; it's speaking volumes that this has gone unanswered
    ----------------

    What it speaks volumes to is anything presented you don't agree with is dismissed as childish, and dismissed "Be off with ye". You don't really want an open dialogue, you want someone who agrees with you, thus the unanswered posts.

    Enter "Childish" in the search box above and you'll see 29 responses. You and Supor are the only two who originate posts that use the heck out of that word which to me indicates that's the extent of your vocabulary. So, grow up, stop dismissing all points of view other than your own as childish and you may find someone willing to debate you.

  • Reply to

    Training Chick Is Alloro

    by all_or_0 Sep 14, 2014 4:01 PM
    truthte11er truthte11er Sep 15, 2014 8:11 AM Flag

    lets see if you can go a month without referring to anyone that disagrees with you as childlike, or anything posted you don't like as being childish. Really??? How old are you?

  • Reply to

    Dillard to buy Penny!

    by godhairyballs Aug 19, 2014 10:14 AM
    truthte11er truthte11er Sep 11, 2014 8:14 AM Flag

    funny... similar posts in two other short battles that I was involved in:
    ----------

    Battles???

    Yes, I do remember the famous Message board "battles" that some dude with "BULL" as a large part of his ID singlehandedly took on the entire message board warriors and saved the company and rode away into the sunset with the princess as his prize.

    Someone needs to grow up.

  • Reply to

    If sales are improving, then why the offering?

    by alloro Sep 9, 2014 9:48 AM
    truthte11er truthte11er Sep 9, 2014 3:09 PM Flag

    they're replacing more expensive debt with cheaper debt - has nothing to do with sales; it's a financial move
    ---------------

    Sounds good until you figure the small interest rate saving you're obtaining will be offset many times by stretching out the payments/interest for more years. While you are replacing debt with debt that cancels each other out and not increasing your debt load but the increased interest expense is and increased expense at a time when they want to reduce expenses.

    -----

    You have house with a 4% mortgage and 20 years left on a 30 year mortgage, you refinance for 30 years, get a 3% mortgage and a reduced payment. Good thing?? NOOOOO Check your long term liability and don't forget all those fees rolled into your expenses.

  • Reply to

    If sales are improving, then why the offering?

    by alloro Sep 9, 2014 9:48 AM
    truthte11er truthte11er Sep 9, 2014 2:41 PM Flag

    You bears don't get it. If JCP can sell bonds, it means there is confidence. Yes, JCP needs more cash, and this offering shows they can get it. When they get mulitple banks on board, it's spreading the love:
    -------------------

    You make it sound like the banks were all fighting for a piece of the pie(spreading the love), the reality was it took that many to spread the potential future pain to put the offer together

    I don't know where you came up with the kook-koo idea that a successful business has to borrow money to pay debt but that statement alone qualifies you as an excellent candidate as a JCP baggie.

    Wall Street will only keep giving them money as long as they feel the potential to make money outweighs the risk of making that money.

    The only good reason companies should borrow money is when they feel they can generate a greater rate of return using the money for something(expansion, etc) than the interest cost of the money

    Whatever institution you received your financial education owes you a tuition refund.

  • Reply to

    Bullrun says this is a good thing

    by truthte11er Sep 9, 2014 9:35 AM
    truthte11er truthte11er Sep 9, 2014 10:54 AM Flag

    Substance?

    Seems you harp a lot about desiring something with substance, then when presented with something of substance like "It's not a good thing to borrow money to pay back borrowed money", you reply that's not what you want.
    So, to clarify, when you say you want "Substance" what you really mean is you want people to reinforce your opinion, hold your hand and tell you what a wise person you are, otherwise it don't count.

  • Reply to

    Bullrun says this is a good thing

    by truthte11er Sep 9, 2014 9:35 AM
    truthte11er truthte11er Sep 9, 2014 10:12 AM Flag

    : the profits on my ride from $5 to $11

    Naturally you bought at the low, doesn't everybody? And if you have profits that means you sold at 11, otherwise you're just holding stock for the ride down

  • Reply to

    Bullrun says this is a good thing

    by truthte11er Sep 9, 2014 9:35 AM
    truthte11er truthte11er Sep 9, 2014 10:04 AM Flag

    not just me: me and the other $20,000,000 in stock that has traded higher than yesterday's close in the first 20 minutes after the announcement

    Let's see how well that holds up during the day. Longs tend to wet themselves every little tick up, then run and hide when it doesn't follow through.

  • The financial woes of this retail player are more than well-known. That may be why it took so many brokerage firms to get the offering off. Joint book-running managers were listed as J.P. Morgan, Barclays and Goldman Sachs. The co-managers were Bank of America Merrill Lynch, Wells Fargo Securities, Guggenheim Securities, HSBC, RBS and Regions Securities. That many bankers for a mere $350 million?

    The filing said:

    The notes will be our unsecured and unsubordinated obligations and will rank equal in right of payment with all of our existing and future unsecured and unsubordinated indebtedness, including our existing notes, and will be effectively subordinated to our secured indebtedness, including borrowings under our senior secured credit facilities. None of our existing or future subsidiaries will guarantee our obligations under the notes, and the notes will be structurally subordinated to all existing and future liabilities of our existing or future subsidiaries. We do not intend to apply for the listing of the notes on any securities exchange or for quotation of the notes on any automated dealer quotation system.

    --------------------------------------
    What has BullRun been smoking???

  • truthte11er truthte11er Sep 9, 2014 9:24 AM Flag

    Agree, borrowing money and pushing back debt is what all healthy companies do.

  • GREAT news for JCPenney !!!!

    Only 71.9 percent of the unemployed washed, dressed and groomed themselves on the average day, according to BLS. That means that 28.1 percent of the unemployed did not wash, dress and groom themselves on the average day.

    So, there you have it!!!! 28.1% of the unemployed are regular JCP shoppers.

  • truthte11er truthte11er Sep 8, 2014 5:39 PM Flag

    Nothing new, just Credit Suisse repeating what shorts have already figured out and longs won't admit until it hits them between the eyes.

    "Past results are not sustainable, and any projections based on those results are relatively useless"

  • truthte11er truthte11er Sep 8, 2014 5:36 PM Flag

    Note the memo to DECREASED TRAFFIC that Shatterdummy chooses to ignore

    Although Credit Suisse is impressed by the strong results and progress in the turnaround efforts made by the company, it believes that these results are not sustainable. The investment firm pointed out that JC Penney’s online sales are the primary driver for strength in comps. And it should be noted that the YoY growth rate of online sales has sequentially declined from above 20% in the prior quarter to 16.7% in the second quarter. Therefore, investors should remain cautious about the sustainability of JC Penney’s comps. Credit Suisse further said that JC Penney’s traffic growth remains negative despite average unit retail (AUR) growing in the mid-single digits.

  • truthte11er truthte11er Sep 8, 2014 5:33 PM Flag

    Google "JC Penney: Why Credit Suisse Expects A Fall"

    ----------------
    Credit Suisse Group AG (ADR) (CS), maintains its bearish stance on the stock with an Underperform rating.

    Credit Suisse has maintained an Underperform rating on JC Penney since November 2012, prior to which it had a neutral rating on the stock. The investment firm slashed its target price for JC Penney stock from $15 to $7 in October last year. Since then, it has maintained the twelve-month target price of $7, which is 36.8% lower than the current stock price.

    Bidness Etc analyzes the reasons why Credit Suisse is bearish on JC Penney:

  • truthte11er truthte11er Sep 8, 2014 5:30 PM Flag

    Or like Costco, everybody is stealing market share from JCPenney and Sears, their numbers look great and JCP/SHLD just continue to look like the "little engine that couldn't"

    Still wondering why no reassurance on Myrons health?

  • truthte11er truthte11er Sep 8, 2014 5:21 PM Flag

    "nice try again"????

    Stop it! Your in depth analysis is too sophisticated for the average poster, you'll need to find another outlet for your high intellect.

    Why don't you try posting something of substance instead of childish drivel.

  • truthte11er truthte11er Sep 8, 2014 3:56 PM Flag

    More than a "nice try"
    ----
    Big box stores are dying.

    JCPenney, Sears, Best Buy, and more are shuttering stores and recasting their strategies.

    “They were hit by a perfect storm of competition from the Internet and supermarkets,” Steve Brazier, CEO of market research firm Canalys, said in a report .

    Even mighty Walmart, once indispensable, recently admitted that sales were suffering.

    Yet Costco has remained strong throughout the recession. The company has continued to grow and see sales increase.

    Read more: http://www.businessinsider.com

  • truthte11er truthte11er Sep 8, 2014 3:53 PM Flag

    Don't tax your brain too much. JCPenney stated sales are down in their last quarter report, someone is getting that traffic.

    Really now, was that so hard?

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

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