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Shares of J.C. Penney (JCP -0.9%) bounce around with chatter on a LBO disrupting the Ron Johnson...

Shares of J.C. Penney (JCP -0.9%) bounce around with chatter on a LBO disrupting the Ron Johnson bash-a-thon for the moment. Option activity is elevated, as speculators get their bets in before the wheel stops spinning.
Comments (7)
  • Yeah, that LBO is the daily hype and insider rehtoric in attempts to puff this loser stock so Ackman can get his $25 back before he dumps this stock too. JCP, turned into worst retailer in all of retail history by RJ.
    21 Aug 2012, 11:13 AM Reply Like
  • Yipes, Hotrod, even worse than Gimbles?

     

    Stores are looking good. Word is that new Sephora shop in some stores is going gangbusters, bustling with customers. Also, see additional shops under construction during my walk-throughs.
    Perhaps patience is the order of the day.
    21 Aug 2012, 12:28 PM Reply Like
  • Levi Bar is a table and half body manequins. Kohls also showcases their Levi's on a table and also has manequins.
    21 Aug 2012, 12:41 PM Reply Like
  • JCP will be in the top again.
    21 Aug 2012, 02:52 PM Reply Like
  • Why would a prudent knowledgeable investor roll the dice on JCP and wait two to four years for a turnaround that has less than a 50% chance of happening, one only has to read history. Certainly those who bought and held the stock long all the way down are hoping and praying for a turnaround. I'm guessing that many of these upside down stockholders have three or four new pairs of Levi's in there closet. And who could believe that Ross, TGT, WMT, M and the dozens of other aggressive retailers are going become complacent and wait for JCP to catch up. One million free haircuts and same store is down over 20%. LOOK AT BEST BUY TODAY.
    21 Aug 2012, 03:24 PM Reply Like
  • LBO or maybe a PtP since insiders are buying large stock shares ? A private company then won't have to report how awful sales and the stakeholder value reduction is becoming - right ? The insider buying says something is up and not public knowledge yet - right ? Too bad for all shareholders if you're not the one sitting with the majority share voting if this happens -- I wouldn't want to be bankrolling the mink lining of the raider's pockets.
    21 Aug 2012, 04:20 PM Reply Like
  • Am amazed with people continuing to buy into these shares through public market or LBO. Disastrous results, analysts reiterating sell ratings and a CEO who has taken decisions which detrimentally impacted the business but staying the course (too much credit from his experience at Apple; with Apple's products you could have sold it out of a shack and still have the huge sales). It is a mystery on how patient the market and Board has been.
    22 Aug 2012, 10:00 PM Reply Like
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