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  • Tesla: The Short Of The Decade? [View article]
    As expected, great comments from all sides. Thank you all for commenting.

    However, I will stand by my assertions made in the article: Tesla, from a classic P/E or P/S valuation perspective, trades in absolute fantasy land. No matter how much one likes a company and its products, 13 times sales is unsustainable.
    Aug 20 03:45 AM | 1 Like Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    Would you mind sharing which company it was?
    Aug 16 03:26 PM | 1 Like Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    All your concerns are certainly valid, but I don't see why those themes only apply to retailers. Competition in all sectors is usually cut-throat.
    Aug 16 03:25 PM | 1 Like Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    Yes it is. But is was better at $5 ;)
    Aug 16 03:21 PM | Likes Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    Profit taking.
    Aug 16 04:43 AM | Likes Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    I can see JCP trading at $20/30 in a couple of years. Remember, the U.S. economy is coming back and consumer spending tailwinds are going to lift cyclical companies like retailers up just as they will financials.
    Aug 15 04:46 PM | Likes Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    So, I guess the key to being a good contrarian investor is to have balls of steal and ignore the rhetoric.

    That pretty much sums it up.

    Saying that though will get you a lot of flack. Most hardcore contrarian investments actually work (in my experience) and only very few companies actually go out of business.
    Aug 15 04:44 PM | 1 Like Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    It looks good because they delivered strong results. Seems to be a fair assessment.
    Aug 15 04:43 PM | 1 Like Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    Agree. I expect more analysts to revise their earnings estimates upward this year.
    Aug 15 04:42 PM | Likes Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    Thanks. Buffett is an interesting fellow and actually quite a hardcore contrarian.

    Ever notice why there are not more Buffetts in this world but so many Jim Cramers?
    Aug 15 04:41 PM | 2 Likes Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    Good to see you here Corey :)
    Aug 15 04:40 PM | 1 Like Like |Link to Comment
  • J.C. Penney: You Hate It At $5, But You Love It At $10? [View article]
    The shorts are going to have a hard time justifying their thesis with three consecutive quarters of strong growth.

    No reason whatsoever why JCP couldn't pull off a Rite Aid-like turnaround.

    Piper Jaffray: $12 PT on JCP
    http://bit.ly/1qdpfZw

    BofA: $11 PT
    http://bit.ly/1qdpfZy
    Aug 15 04:39 PM | 2 Likes Like |Link to Comment
  • Don't Worry About Apple, BlackBerry Already Is Bottoming Out [View article]
    JCP is an equally great contrarian play and I am thankful I had the chance to load up the truck at around $5. Many people don't understand what a contrarian is. That is quite a shame, but on the other hand, this misunderstanding (or I should say this fear) makes investments like JCP or BBRY work. Can't wait to sell my BBRY shares to the mainstream momentum investor for $20 or $30.
    Aug 13 12:59 PM | 2 Likes Like |Link to Comment
  • Don't Worry About Apple, BlackBerry Already Is Bottoming Out [View article]
    No worries. Thanks.
    Aug 13 12:54 PM | 1 Like Like |Link to Comment
  • Don't Worry About Apple, BlackBerry Already Is Bottoming Out [View article]
    Thanks. I have pointed out a couple of times that cash+investments+patents cover my intrinsic value estimate of around $17 per BBRY share.

    The rest of BBRY's business is practically for free even though one has to make a discount for the hardware business. In any case, BBRY is still on sale at around $9-10.
    Aug 13 12:53 PM | 1 Like Like |Link to Comment
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495 Comments
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