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J.C. Penney Earnings Preview: Q1 2013Selerity Research • Wed, May 15 -
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J.C. Penney Earnings Preview: Q1 2013Selerity Research • Wed, May 15
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The Week Ahead: Will The Rally Continue?Alexander Pottmeyer • Sun, May 12 -
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at MarketWatch.com (Fri, 2:52PM)
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at CNBC.com (Fri, 10:43AM)
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at CNBC.com (Fri, 8:06AM)
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at CNBC.com (Thu, 4:24PM)
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at CNBC.com (Thu, 2:14PM)
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at CNBC.com (Wed, 4:52PM)
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at CNBC.com (Wed, 4:12PM)
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at CNBC.com (Mon, 12:58PM)
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at MarketWatch.com (May 17, 2013)
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at CNBC.com (May 17, 2013)
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at CNBC.com (May 17, 2013)
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at Fox Business (May 17, 2013)
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at Fox Business (May 17, 2013)
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at CNBC.com (May 17, 2013)
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at MarketWatch.com (May 17, 2013)
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at CNBC.com (May 17, 2013)
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at Fox Business (May 17, 2013)
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at CNBC.com (May 16, 2013)
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at CNBC.com (May 16, 2013)
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at CNBC.com (May 16, 2013)
JCP vs. ETF Alternatives
Company Description
J. C. Penney Company, Inc. is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). JCP was incorporated in Delaware in 1924, and J. C. Penney Company, Inc. was incorporated in Delaware in 2002, when the holding company structure was implemented. The new... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, April 11, 8:56 AM J.C. Penney (JCP) CEO Myron Ullman has reached out to Macy's (M) CEO Terry Lundgren to try to settle their legal dispute, according to The New York Post. A negotiated truce - which may be announced sometime this week - could include the retailer scrapping its 10-year deal with Martha Stewart Living Omnimedia and put an end to the trial raging in NYC. 2 Comments [Consumer]
- Thursday, April 11, 5:49 AM Three former Apple executives who were hired by ousted J.C. Penney (JCP) CEO Ron Johnson have reportedly left the department store company. The departures are COO Mike Kramer, who received a compensation package of $33.4M when he joined JCP, Chief Talent Officer Daniel Walker, who got $20.2M, and Chief Creative Officer Mike Fisher. 13 Comments [Consumer]
- Thursday, April 11, 5:09 AM Martha Stewart Living Omnimedia (MSO) yesterday won a victory in its trial with Macey's (M) after a judge agreed to dismiss a "secondary" claim that Martha Stewart breached a confidentiality requirement in its licensing contract with Macy's by revealing details of their partnership to J.C. Penney (JCP). The judge will today hear Martha Stewart's arguments that he throw out Macy's more central claims. (previous) Comment! [Consumer]
- Wednesday, April 10, 7:33 AM J.C. Penney (JCP) scuttlebutt: Bill Ackman will stick with his investment in J.C. Penney, according to The New York Post. Straight out of Ackman's playbook, the retailer is weighing a deal to raise cash with a loan backed from real estate it owns. Shares +0.1% premarket to $13.95. Comment! [Consumer]
- Tuesday, April 9, 6:09 PM For the first 2 months of the quarter, J.C. Penney's (JCP -12.2%) April quarter same-store sales were down over 10% Y/Y, sources tell the WSJ. That figure helps provide a backdrop to yesterday's big news. For reference, the Street has been expecting a 10% Y/Y drop in total sales for the quarter. (more on JCP) 3 Comments [Consumer, Earnings]
- Tuesday, April 9, 10:54 AM Fresh takes on J.C. Penney (JCP -11.7%): 1) Piper Jaffray calls the company "powerless" to prevent a further deterioration of sales, expecting another $1B in cash to get burned up this year. 2) Deutsche Bank warns that with Bill Ackman losing his influence with the retailer's board he could lighten his stake and put significant pressure on shares. 3) Hedgeye thinks a sale might be a way out of the morass for new CEO Myron Ullman. "He could help to put lipstick on the pig and get it sold." (JCP timeline) 3 Comments [Consumer, On the Move]
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Tuesday, April 9, 9:10 AM
Premarket gainers: CLRX +13%. ZIOP +12%. RDN +5%. UNXL +5%.
Losers: OCZ -13%. JCP -7%. Comment! [On the Move] - Tuesday, April 9, 7:11 AM J.C. Penney (JCP) hasn't disclosed if new CEO Myron Ullman is a permanent hire or a temporary replacement to Ron Johnson, but either way quick decisions will need to be made. The retailer needs a strong contingency plan in case it loses the Martha Stewart trial and morale from the executive suites to store floors needs to be refreshed. JCP -5.5% premarket to $14.99 with a whiff of distrust over the company's board still in the air. 1 Comment [Consumer, On the Move]
- Tuesday, April 9, 5:40 AM Returning J.C. Penney (JCP) CEO Myron Ullman should consider selling or breaking the retailer up, says Stanford's Dave Larcker. Another option that's been floated is to incorporate some of JCP's properties into a REIT. With shares trading at a 73% discount to annual sales, JCP is cheap vs. its peers, although it also has high debt. Comment! [Consumer]
- Monday, April 8, 5:26 PM J.C. Penney (JCP) confirms Ron Johnson is "stepping down and leaving the company." Mike Ullman, who was J.C. Penney's CEO until Nov. 2011, is replacing Johnson as CEO, and has also been elected to the company's board. Investors don't seem crazy about the choice, JCP now just +0.5% AH. (previous) Update (5:33): Shares are now down 4.4% AH. 32 Comments [Consumer, On the Move, Breaking News, Top Stories]
- Monday, April 8, 5:06 PM J.C. Penney (JCP) now up 6.8% AH as CNBC reports Ron Johnson is out as CEO. 7 Comments [Breaking News, On the Move, Consumer, Top Stories]
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Monday, April 8, 5:00 PM
After-hours top gainers, as of 5:15 p.m.: STAA +13%. JCP +12%. HIMX +2%. GLUU +1%. EBR +1%.
After-hours top losers: CWH -3%. CUZ -3%. SHLM -3%. STWD -3%. CECO -2%. 1 Comment [On the Move] - Monday, April 8, 1:58 PM A little courtroom drama flared up today during the trial between Macy's (M +1.8%) and J.C. Penney (JCP +2.2%) with accusations leveled at JCP that it's selling products on its website in breach of an agreement to stop showcasing certain categories. The judge in the case will rule on the issue tomorrow. The bigger issue: J.C. Penney needs a win or a settlement in the case to avoid losses on inventory and a gaping hole in the retailer's line of home goods. 4 Comments [Consumer]
- Monday, April 8, 7:16 AM The emergency plan: If J.C. Penney (JCP) loses its courtroom battle to sell Martha Stewart home goods inside of its stores, the retailer will reportedly look to Asian suppliers to produce an emergency line of private label bath products, bed linens and kitchenware to fill the void. The trick is that production could take 75 to 90 days and the company would have to takes losses on quite a bit of inventory. 9 Comments [Consumer]
- Monday, April 8, 6:43 AM Macy's (M) and J.C. Penney (JCP) will appear in a courtroom today with indications out that efforts to negotiate a settlement over their in the case involving Martha Stewart Living Omnimedia (MSLO) shops have failed. Execs with J.C. Penney are due to testify later in the day. Comment! [Consumer]
- Friday, April 5, 2:04 PM J.C. Penney (JCP +3.5%) CEO Ron Johnson "deserves criticism", according to Bill Ackman, who has been an outspoken fan of the embattled CEO until now. Ackman's Pershing Square Capital has lost ~$500M on paper from its investment in JCP thus far. Although the retailer's execution has been "something close to a disaster," Reuters says Ackman wore socks purchased from J.C. Penney as he criticized the company. 14 Comments [Consumer]
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Steven_Shelley
$JCP is mortgaging its real estate to cash out and prop itself up just a little longer: http://dallasne.ws/101KIqY - View all 0 replies
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MSF INVESTMENTS
Has anyone heard anything that Sears Auto has sold their locations to Autozone. $SHLD,$JCP,$AZN - View all 3 replies
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x oil -field
CEO Pay 1,795-to-1 Multiple of Wages. $JCP $MCD Truly ''Fat Cat'' C.E.O.'s At Their Best,Yes? http://bloom.bg/Zk0zCe Bloomberg - View all 0 replies
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BA Capital: Sounds like you are short my friend. Get ready to feel the squeeze.
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MSF INVESTMENTS
Don't get fooled, Soros will sell soon, real estate experts Vornado Realty sold their sales. $SHLD, $JCP - View all 11 replies
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Ghosts of Kariela: The fact that he withdrew money from Pershing and then buys JCP suggests something.... -
Ghosts of Kariela: I wouldn't short JCP, might reintiate a small position for kicks!
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Dividend Monkey
$JCP stop the bleeding first, get the inevitable short squeeze, do a secondary, let the rest take of itself. - View all 12 replies
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Dividend Monkey: Yes, I agree. they will have to earn every customer back. They will surely sacrifice great potential profits for it, but they have a shot.
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Dividend Monkey: They just need to stop the bleeding now, and they can regain their former customer base slowly one at a time
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Dividend Monkey
$JCP I think so. It will have the capital to turn it around. If the economy doesn't turn south, this might be better than Short Yen/long NiK - View all 0 replies
LATEST REPLIES
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Michael Bryant
Problem is J.C. Penney ($JCP) is losing money. Apple ($AAPL) is making money, a lot of it. - View all 2 replies
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Michael Bryant
"Apple ($AAPL) Is the J.C. Penney ($JCP) of Tech." I agree that negativity of $AAPL is almost laughable. http://bit.ly/16uLd2J - View all 4 replies
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jamesingram32: to be fair to him, I think he was being sarcastic, about how nothing aapl does is good enough for wall street -
Mo Money 2011: exactly... nothing aapl does is good enough... which is exactly how jcp is viewed by the street
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Dave Dierking
I've talked before about how $JCP is in big trouble. This could be their last chance to turn it around....http://yhoo.it/ZwkrAs - View all 7 replies
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Perkins Cove: big...that's exactly IT. They had a good rep for selling good value.....and this guy Ron want's to do WHAT? Where was the board on this....? -
Perkins Cove: Dave, that's right. Some customers may never try to go back as I did. The big MO (momentum) is very important.
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MSF INVESTMENTS: He must do what is best for the common shareholder because HE is a common shareholder too. Lahiem
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MSF INVESTMENTS
It appears Vornado is going to make a purchase in SHLD. Sears Holdings stock price will be $150.00 by this year.$JCP - View all 1 replies
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MSF INVESTMENTS: The first time Vornado bought Sears stock it caused a massive uptrend.
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MSF INVESTMENTS
Google - BARRONS' - "There's Much More To Sears That Meets The Eye". You will then understand what Sears Holdings is about.$SHLD $JCP $WMT - View all 1 replies
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MSF INVESTMENTS
I think this pop is ludicrous - Vornado Realty would of never sold if this was a good reit investment. This is a tiny short squeeze.$JCP - View all 3 replies
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Saibus Research
Will Institutional Support For J.C. Penney Vanish? http://seekingalpha.com/a/rfd1 $JCP - View all 5 replies
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MSF INVESTMENTS
Google - Barrons' "There Much More To Sears Than Meets The Eye" you will then understand why Eddie and Bruce keep buying up the shares.$JCP - View all 2 replies
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MSF INVESTMENTS: Vornado Realty will make a real estate purchase as well as a passive investment in Sears common stock. Lahiem
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MSF INVESTMENTS: Read about the non guarantor subsidiaries - amazing.
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MSF INVESTMENTS
There someone knocking on my door it must be another Sears shorter wanting to buy my shares.$JCP - View all 1 replies
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MSF INVESTMENTS
$JCP Baker Street Capital recently made a $SHLD passive purchase of 6.7% of the common shares.They are also passive shareholders of BRK 'A'. - View all 1 replies
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MSF INVESTMENTS: I am not a violent person but any shorts on Sears Holdings are going to get slaughtered. There are not enough shares to cover.
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DaLatin: No.EL is a better brain then the idiots @ JCP.RJ should be canned.Now he's circling wagons & still in wrong direction.I fear Credit Issues
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