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Don Quick

Don Quick
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  • Back To Reality: No, J.C. Penney Did Not Beat Earnings (In Fact It Has New Problems) [View article]
    That was the theory I was leaning towards - event driven news, or possibly in the case of JCP, a lack of horrible news is good news in itself......

    Imagine Apple going up 150% from recent levels on similar 4Q results.
    Mar 7 09:29 AM | 1 Like Like |Link to Comment
  • Back To Reality: No, J.C. Penney Did Not Beat Earnings (In Fact It Has New Problems) [View article]
    I'm not long or short JCP, I just follow the stock. No horse in this race.
    I think it's a good and accurate article.
    I must say I'm mystified by the relatively large rise in price since the unimpressive 4Q results.
    It's still far far below the $42.84 level of February 2012, and I see no way it will get back there
    Mar 6 02:09 PM | 2 Likes Like |Link to Comment
  • 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. [View news story]
    It's going to take a lot more than Mr. Ackman buying a pair of socks from what used to be my favorite store to turn this around.
    SERIOUS QUESTION from someone who is not a retail whiz:
    If the idea of the specialty stores within JC Penney is to make a much higher dollar/square foot of gross store space (say double) which would approach or equal dollar volume pre-Johnson, given the much wider aisles (permanently dedicated vacant space) throughout the new stores, don't those stores have to make virtually three times as much per square foot as the figures for those portions of the stores which are the "old format" to actually show a more profitable pre-Johnson gross???
    Even Mr. Johnson isn't claiming numbers that come remotely close to exceeding pre-Johnson numbers.
    Apr 5 03:51 PM | Likes Like |Link to Comment
  • Though it's been hotly debated in retail circles for quite a while, it looks like directors at J.C. Penney (JCP -9.5%) are finally considering a change at the top. If sales don't turn around, a push to sell the company or replace Ron Johnson could be in the offing, according to The Wall Street Journal[View news story]
    Gee, replace Ron so soon? Don't we want to wait until it is truly a penney stock?
    Mar 5 04:15 PM | 2 Likes Like |Link to Comment
  • J.C. Penney (JCP) plans to leave Martha Stewart's name off a large portion of its new line of housewares and decor as a legal battle between Macy's and Martha Stewart Living Omnimedia (MSO) over a licensing deal rages on. Macy's thinks the JCP deal is in violation of its own five-year deal with MSO. [View news story]
    Watching JCP is getting to be like watching NASCAR - one wreck after another.
    Jan 29 09:22 AM | 2 Likes Like |Link to Comment
  • J.C. Penney (JCP) investors should mark February 1st on their calendar as day one of the retailer's transformation, according to CEO Ron Johnson. The exec says big sales gains and profits will start percolating in Q1 with the "adjustment period" finally over. Johnson on the 110-year old company: "We look at JCP as a start-up." [View news story]
    Buying time?
    Oct 3 09:18 AM | Likes Like |Link to Comment
  • J.C. Penney (JCP) investors should mark February 1st on their calendar as day one of the retailer's transformation, according to CEO Ron Johnson. The exec says big sales gains and profits will start percolating in Q1 with the "adjustment period" finally over. Johnson on the 110-year old company: "We look at JCP as a start-up." [View news story]
    Buying time? Anybody else read The Emporor's New Clothes? (You would have been about six at the time.)
    Oct 3 09:18 AM | 1 Like Like |Link to Comment
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