markit, although I like JCP as a company, the overall market appears to be at the cusp of a major revaluation of equities, and JCP will not be immune.
No, things don't look good for anyone long this stock. It's selling at the lottery price; that is, the price at which people are willing to invest a few dollars on the chance that they will win big, although the chances of winning are something on the order of one in a million. This is typical of price movements for companies in bankruptcy before the shares are cancelled by the court.
Please don't criticize Tngenchek. His (or her) (or whatever's) whole life appears to be this message board. He ( or she) (or whatever) has only this message board as an outlet to cast dispersions on any and all that would venture here. He (or she) (or whatever) gives true meaning to the request to "get a life."
Alloro, you remind me of one of my favorite statements by a talking head. "If the price drops, it could go down farther. Otherwise, the price may go up."
Cramer has gone back and forth on JCP for a couple years. If you listen carefully to what he says, he's actually forecasting the past.
SD considers the bonds to be undervalued, and is thus taking the opportunity to buy them back. It's similar to a stock buyback. I've never seen a company take this step that did not recover. SD would not part with the cash now if they believed that the cash was vital to their survival.
Retailing is a process of getting many small things right, and Marvin is in touch with the small things.
With these results, the short interest is unjustified. It has to be reduced, and much of that will happen today.
Expectations are so low that if JCP simply files the report on schedule, it will be considered to be a big win.
When RSHCQ is cancelled, you'll be better off because there will be less wear and tear on your fingers, and you can sleep 16 hours a day instead of 12.
I think we all agree that JCP will triple in price. The question is whether it will occur during your lifetime?
Bernanke ran the Fed for two years before the start of the fiscal crisis. He should take as much blame as any other individual, yet he is often credited with saving the country. People are really confused.
It's not Gary Kain's fault that there is so much pressure pushing interest rates up. At least he has the presence of mind to avoid buying back shares that he believes will continue to lose value.
Joel, do you think that the judge will convert the bankruptcy into a Chapter 7, reducing legal costs which take additional monies from the unsecured creditors? This has been proposed. I would think that there are some who believe a benefit will result from a continued fight, but such disagreements could be more efficiently decided by a trustee in Chapter 7.