Author Topic: JCP - JC Penney  (Read 189434 times)

racemize

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Re: JCP - JC Penney
« Reply #600 on: April 05, 2014, 09:08:33 AM »
Good article on the behind the scenes situation during the Ron Johnson era.  According to the article Ackman was the driving force behind getting better chocolate chip cookies during board meetings. Not "rock hard" ones, but "soft, gooey orbs".

http://money.cnn.com/2014/03/20/leadership/jc-penney.pr.fortune/

Well, I can't fault him on his cookie preferences.


fareastwarriors

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Re: JCP - JC Penney
« Reply #601 on: May 09, 2014, 05:33:48 PM »
J.C. Struggling Malls Suffer When Sears, Penney Leave

Loss of Anchor Tenants Can Accelerate Downward Spiral


http://online.wsj.com/news/articles/SB10001424052702303417104579543760893597806?mod=WSJ_hp_LEFTWhatsNewsCollection&mg=reno64-wsj

valueinvestor82

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Re: JCP - JC Penney
« Reply #602 on: May 16, 2014, 08:46:21 AM »
JCP is surging today. While not without risk (that's an understatement), I couldn't be more pleased with the progress made by the company and my experience in lowering my average cost and seeing this through despite so many in the value crowd (wait-all crowds for that matter) tossing the stock aside. And analysts are still bearish and reluctant even in admitting the company is on its way to recovery.

hellsten

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Re: JCP - JC Penney
« Reply #603 on: August 15, 2014, 12:15:49 AM »

valueinvestor82

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Re: JCP - JC Penney
« Reply #604 on: November 11, 2014, 08:23:10 PM »
Fairly balanced article regarding the volatility in the stock and the progress to date. http://m.wsj.com/articles/selling-a-turnaround-tale-at-penney-1415739177?mobile=y&ru=yahoo?mod=yahoo_itp

tede02

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Re: JCP - JC Penney
« Reply #605 on: January 08, 2015, 07:26:58 PM »
JCP seems to continue to make progress turning things around, though things are happening gradually.  SSS were up around 4% for the holiday season and today the company announced they were closing 40 stores (which I think is a positive based on today's changing retail landscape).  I also noticed today that at least one director has bought a significant amount of shares in recent months. 

I hope the company can continue to have success.  I stupidly followed Ackman into this and learned a lesson about making the data fit my conclusion.  Need to get to about $11 to break even.