Quick, buy that stock it hit $7.77 it must mean they are out of trouble and it's clear sailing from here. As ridiculous as that sounds, some of the reasons for forgiving their own self inflicted wounds and their constant flip flopping since is just as ridiculous for buying this stock.
Amazin, I know what EBITDA is I just think it masks a failing businesses "Mistakes" when if I'm investing my money I want truth and a plan from management not pretending my balance sheet looks better if I turn 25 degrees away from the light and consider this to make my balance sheet look better because when you invest in a retail company once you loose your customers they have to many other choices and don't care or have the time to wait for them to "Find themselves again. Milkin made billions on the scam of EBITDA and they still use it. But step back when do they use EBITDA.........when a company is in trouble They are in trouble for a reason and many times EBITDA is not the panacea it's cracked up to be. It masks potential failure. For my money, don't blow smoke up my butt, tell me how your getting yourself out of the mess you made.
Really?, weren't the longs telling everyone after the numbers came out to get on the rocket ship and not be left behind. This is a retailer, customers have many choices to "Buy Stuff" and when you lose your customers they don't just pretend the reason they left is all better now. What did it take a whole one quarter to prove that statement right when all along if you just take a step back anyone could have figured that out for themselves long or short.
Wasn't EBITDA created by one of the biggest crooks in Wall Street history as a "New Way" to evaluate the finances of a failing business to make it look better than it actually is. I have a better way for all you "JC Penney is going to $100" crowd. Pretend your at a Halloween Party and all of you wear Penney CEO masks and run around the room screaming "But look at my EBITDA, look at my EBITDA". People aren't flocking back to those stores for a reason and all the EBITDA in the world isn't going to fix Humpty Dumpty.
What exactly are you buying a retailer with customers fleeing and no prospects of recovering them or a company for it's break up value?. If that's the case why are you any different than a short other than your willing to get paid last from what's left and will wait until the last day to get your money back.....or part of it.
People who fell for the comments from Penny's management that everything is fixed when all you have to do is go to a store and see customers willing to empty their wallets just to pay someone to help them. Tip to investors, when a retailer looses their way, customers don't immediately flock back because management says the boo-boo is all better. Joke.
"What the heck is a "Member Centric Retail Model"???
It's Mumbo Jumbo for we no longer can compete and sell stuff so we are a R/E company now with a retail name we can't get rid of..........yet
That's right someone always know something we don't. But with a retail operation like this no news is not necessarily good news. What I find interesting is what makes people own a stock like this. Their customers have just about given up on it, management refuses to issue a press release about actual results other than what amounts to garbage information and yet people spend their money that they earned on a stock like this. It's like being happy getting the crumbs left over after everybody who is before you gets paid and happy with that. Is there nothing better in the stock market than a company whose only prospects is it's break up value?. We'll see.
The stock goes up 1.82 on power being restored in some mall. The good news now those shoppers can use Sears as their short cut to the mall.
I think that's a given, if they were good or even better than expected they would have been beating their chests.
Look at the movement after hours off of a R/E story on Sears. They still have no idea how to actually draw customers to their stores, no idea that the same tired look is uninspiring to shop in and their holiday look was the same afterthought every year. So where is the news that drove up the price? what in that article will make people shop Sears?, there is none. Where are the Holiday numbers?, there are none. But the price goes up on what exactly?. The Sears prayer is the Prayer of the Dead. Where is the Plan to turn a dinosaur into something resurrected worthy of it's existence. None.
They set their stockholders meeting for May 15th, this will give them more time to get those final holiday numbers together, they must be phenomenal..........kidding.