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Ron Johnson is on the mike at the J.C. Penney (JCP) earnings CC (webcast). The embattled exec...

  • Friday, August 10, 2012, 8:11 AM ET
    Ron Johnson is on the mike at the J.C. Penney (JCP) earnings CC (webcast). The embattled exec starts with a quick admission of past mistakes and an unfortunate alienation of core customers before hitting his "transformational" stride. Despite the direction the RJ rhetoric goes, the company pulling away its guidance is going to be the headline that resonates. JCP -8.7%.
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This news story has 3 comments:

  •  
    48 K calls v 52 K puts traded yesterday on JCP. Some definite TGIF divergences occurring this am...
    10 Aug 2012, 08:17 AM Reply Like
  •  
    I'm not sure what type of fairy dust RJ is sprinkling during the CC to take the stock spike back up during its premarket low but JCP is clearly in some serious trouble. No guidance?? A company going through a "transformational" change with no guidance is one that seems to be changing things and hoping for the best. The direction of the business plan continues to be murky and the failings of their marketing campaign are killing what customers they have left and turning them elsewhere. Ackman's investors may be taking it on the chin with this one.
    10 Aug 2012, 08:26 AM Reply Like
  •  
    Yeah, like they did on Borders.
    10 Aug 2012, 08:41 AM Reply Like
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