+ Watch JCP
on My Watchlist
The Company sells family apparel, jewelry, shoes, accessories and home furnishings to customers through department stores and Direct (Internet/catalog).
John C. Leven is looking for a rebound in J.C Pennys.
@ $20.01 (interesting sidenote- I was just looking at JCP after TMFdeej mentioned them the other day. My take was they seem to be a prime candidate for bankruptcy. Hope I'm wrong).
Great...I'll be the first one to admit I did almost no diligence on the pick. After the HLF/Ackman thing, I went back and read all of Ackman's power point presentations that I could find on the internet. I read his JCP presentation and it seemed logical. Then I saw he'd lost a ton of money on it so far and that you could buy JCP today at a way lower start price than Ackman got. With that in mind, and the market's rampant pessimism, I thought taking a flyer for the contest wouldn't be a bad idea. Highly speculative. Again, i've not done the background, so pardon my ignorance, but is the bankruptcy candidacy bc they simply are going to go broke before the "turnaround" will be complete? I'll have to go back and check them out for real when I get a chance.Thanks for the reply.
Hi John,Heres a Forbes article on the subject-http://www.forbes.com/sites/walterloeb/2013/01/10/the-moment-of-truth-will-jc-penney-and-sears-survive/?partner=yahootixI didn't spend a whole lot of time coming to that conclusion, really just read the balance sheet and yes I felt that they would simply run out of cash. But who knows, I've been wrong before and most certainly will be wrong many more times in my life.If you get the chance to research them further please do a blog, I would love to read and rec it.Cheers.
Some good news for Jcp-http://caps.fool.com/Blogs/jcp-is-popping-where-is-it/793115That might be enough for that rebound your looking for.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions