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hotrodjj

hotrodjj
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  • Sanity Returns To J.C. Penney: Here's Why I'm Shorting Anyway [View article]
    I agree, severely overbought and a classic giant value trap from $23 to present of around $28. I have no clue what the long buyers are seeing here that I don't see, IF ANYTHING OTHER THAN HOPE AND PRAYER. I've been long and short equities for many years and have seldom seen such a glaring value trap. Patient shorts will most likely payoff big. But, who knows.
    Sep 7, 2012. 11:46 AM | Likes Like |Link to Comment
  • J.C. Penney (JCP -0.4%) hasn't fully explained how its new pricing model will meld with specialty shops, argues Walter Loeb. Even worse, he laments that the "cold turkey" approach to its transformation has alienated longtime JCP shoppers (see Q1, Q2), leaving the retailer starting behind the eight ball. [View news story]
    I was in Arrowhead Mall in Glendale, AZ, a huge mall, on Saturday. JCP was empty, mall was packed. Dillards and Macy's carry Liz Clayborne and IZOD and both were full of customers, again, JCP was a ghost town, Sephora in JCP is identical, except much smaller, than the Sephora company store 8 shops down from JCP, it was packed, Sephora in JCP was empty. TWO Sephora stores in that mall. Do you honestly believe that Dillard's, Macy's, Nordstrom's, Saks, Gap, TJX, Ross and all the other retailers are just staying status quo waiting for JCP to get it right. By the time JCP gets it right, how extensive will they have gutted non-core assets to pay for all their blunders. Laying off employees and big sums of cash spent to just get back to an average retailer. RJ does not have a magic touch. The board must be asleep at the switch letting Johnson make these massive changes with no testing. NO retailer is that reckless except Ron Johnson. Go to any Dillard's, they already have store in store, all over their store, there are just no dividing walls and great merchandise at great prices.
    Sep 6, 2012. 01:12 PM | 1 Like Like |Link to Comment
  • J.C. Penney (JCP -0.4%) hasn't fully explained how its new pricing model will meld with specialty shops, argues Walter Loeb. Even worse, he laments that the "cold turkey" approach to its transformation has alienated longtime JCP shoppers (see Q1, Q2), leaving the retailer starting behind the eight ball. [View news story]
    In 30 years of trading equities, JCP stock rising over eight dollars in the past six weeks on the most horrible numbers you can find, is absolutely amazing, and the best prospects are a three to four year turnaround, if their even is a turnaround. For the life of I can't figure out who is buying. It is pure and simple Vegas roulette. Somebody help me out here.
    Sep 6, 2012. 11:33 AM | 1 Like Like |Link to Comment
  • An Inside Look At J.C. Penney's New Retail Strategy [View article]
    Just dreaming. More bloviating from the JCP regime today. Pops the stock a dollar before rolling back as Ron's Groupies figure out that, oh yes, once again they are being played by the brilliance that is Ron Johnson.
    Sep 5, 2012. 03:20 PM | Likes Like |Link to Comment
  • J.C. Penney (JCP +2.5%) CFO Ken Hannah reiterates at the Goldman Sachs Global Retailing Conference that the company should end the year with over a $1B in cash. While conceding that the retailer saw slumping traffic as a major challenge this year, the exec keeps the faith that the shops within stores concept will register with consumers. As part of its "shops" transformation, 700 similar-sized JCP stores will receive 100 shops each. Technology remains a major focus in stores, with plans to utilize RFID tagging, iPads, and refresh stations. (webcast[View news story]
    Yeah, well where did the cash come from? It certainly didn't come from earnings. Oh yeah, it came from laying off employees and selling off non-core assets. Converting real valuable assets to cash to cover up all RJ's blunders. What happens when all non-core have been liquidated? Oh, Yeah, store closings. More bloviating from the JCP regime today, stock pops a dollar then rolls back as Ron's Groupies figure out that once again they are being played.
    Sep 5, 2012. 03:14 PM | Likes Like |Link to Comment
  • A made-in-the-USA label holds more value with consumers than in the past, with +75% of respondents in a NPD survey saying the manufacturing source of their apparel is important to them. Though Sears (SHLD -1.5%) and J.C. Penney (JCP +0.9%) sputtered with their brands manufactured exclusively in the U.S. in the past, the recent flareup over the European look of the U.S. Olympic team's uniforms designed by Ralph Lauren (RL -0.9%) has put the issue on the front burner again. [View news story]
    More bloviating from the JCP regime today, pops the stock a dollar but falls back as Ron's groupies figure out that they are being played once again.
    Sep 5, 2012. 03:07 PM | 1 Like Like |Link to Comment
  • An Inside Look At J.C. Penney's New Retail Strategy [View article]
    I spent some time in Dillard's on Saturday and they must have seven or eight Levi bars in women's, men's and kid's departments, throughout the clothing departments. All showcased in very neat fashion with sizes and models very nicely displayed on tables and mannequins and priced very competively. Not just Levis but a variety of brand names and styles. Great layouts. I think RJ is way behind the curve and with the last two quarterlies a CEO would have to work night and day to have screwed up JCP like Johnson has. And is the board simple asleep at the wheel? I don't know how they recover with all the talented competitor CEO's in retail staying light years ahead of Ron.
    Sep 4, 2012. 11:27 PM | 1 Like Like |Link to Comment
  • An Inside Look At J.C. Penney's New Retail Strategy [View article]
    Great article, Chad.
    Sep 4, 2012. 07:47 PM | Likes Like |Link to Comment
  • An Inside Look At J.C. Penney's New Retail Strategy [View article]
    I also went to JCP, in the Arrowhead mall in Glendale AZ, on Saturday. I also toured Dillard's, Sears, Macy's, Sephoras and others at that mall. It is a huge mall. JCP was empty, a ghost town, Dillard's and Macy's were very, very busy with sales and promotions. Mall was packed, JCP had scarce traffic. Changes in the store since I was there a month ago but nothing special. It appears to me JCP is doing nothing more than remodeling and attemping to catch up with it's competitors and it's competitors have extracted many of JCP's old customers. The Sephoras in JCP was nice except for one thing, six shops down the mall is a hugh Sephoras company store laid out same as in JCP except much bigger and much busier. It looks like JCP is simply remodeling and bringing in new merchandise, much of it already carried by many other retailers. The stock price has gone up seven dollars in the last 2 months on nothing but the most horrible earnings loss and 21% negative same store sales. The time is coming, and probably soon, when the stock holders are going to get fed up with RJ's and Ackman's rhetoric and misleading statements and dump this stock big time. I don't want to be long in front of that freight train. In 30 years of equities investing I have never see a more glaring value trap.
    Sep 4, 2012. 07:42 PM | 1 Like Like |Link to Comment
  • J.C. Penney (JCP -0.3%) rolled out its Liz Claiborne shop-within-a-shop brainchild over the weekend, swapping out casual lines for more career wear. The brand is considered a key component of the dreamy Ron Johnson-planned shops metamorphosis for JCP after the retailer paid $268M for worldwide rights to it. Still unanswered: If you build it, will they come? [View news story]
    Shop in a shop is brainchild, are you kidding? How about THE SHOPS AT TARGET? ON Saturday I was at Arrowhead mall in Glendale AZ, a huge mall. Toured JCP, Macy's, Dillards, Sears, Sephora's and others. Brainchild, Dillards has shop in shop all over their great store, makes JCP store look like a cheap attempt and fantastic sales at Dillards, the store was crowed like a football stadium and JCP was like a ghost town. You act like Liz Claibone is something new, their in Macy's and Dillards, and IZOD, huge display and reps on site at Macy's with the IZOD racer. Sephora's in JCP, wow that's really something. You walk out of JCP Sephora's go lower level and their is Sephora's own hugh stand alone store. These people going on and on about brainchild is so ridiculous it's laughable. NOTHING RON JOHNSON'S COME UP WITH IS NEW OR INOVATIVE IT'S JUST HYPE AND REHTORIC and feeble attempts. And dozens of JCP's competitors are way ahead of dreamy Ron the brainchild. GET REAL! The writter of this blog must way upside down in JCP stock to make these unbelievable remarks.
    Sep 4, 2012. 02:36 PM | 3 Likes Like |Link to Comment
  • Deere Can Run For Today's Investors [View article]
    I hear you. They don't run a perfect operation.
    Sep 3, 2012. 09:01 AM | Likes Like |Link to Comment
  • Stay Away From J.C. Penney: Management Is In Denial [View article]
    Good article Adam. Really got this one going. I simply cannot figure out the thinking of the stock buyers who have bid this up this far. Seems like just wild gambling to me.
    Sep 1, 2012. 08:59 AM | 1 Like Like |Link to Comment
  • J.C. Penney (JCP) could start setting up Martha Stewart shop-within-a-shops after a judge cleared a path by rejecting an injunction. The ruling is key for the retailer with high-profile, celebrity-tinged shops a lynchpin of Ron Johnson's transformation of the formerly staid department store. [View news story]
    In store shops is nothing new at all. Sears started it 30 years ago with Coldwell Banker, Allstate, etc. Go to Dillards, Go Norstroms, Go to Saks, Go to Macy's, Go to Neiman's, etc. They already have store in store and have had for years and years, they just don' have walls dividing them. What's absurd is that the JCP board turned RJ loose with no testing, I repeat no testing. No retailer is that reckless, except for JCP.
    Aug 31, 2012. 10:58 AM | 1 Like Like |Link to Comment
  • J.C. Penney (JCP) could start setting up Martha Stewart shop-within-a-shops after a judge cleared a path by rejecting an injunction. The ruling is key for the retailer with high-profile, celebrity-tinged shops a lynchpin of Ron Johnson's transformation of the formerly staid department store. [View news story]
    Martha Stewart Living stock at high of $37.45 on 2-24-05 now at $2.96 today. Near straight down for seven years. This picture is upside down. If MSO products are so wonderful why is her company one of the worst performers on Wall Street? JCP chart may look very much like the MSO chart in the not so distant future if they keep RJ on.
    Aug 31, 2012. 09:44 AM | 1 Like Like |Link to Comment
  • Deere Can Run For Today's Investors [View article]
    rfarm Gets to all of us. Thanks for the nice reply. Good luck with your investing.
    Aug 31, 2012. 09:30 AM | Likes Like |Link to Comment
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