PlanMaestro Posted April 15, 2013 Share Posted April 15, 2013 http://www.reuters.com/article/2013/04/15/us-jcpenney-funding-idUSBRE93E0MU20130415?feedType=RSS&feedName=businessNews Link to comment Share on other sites More sharing options...
ScottHall Posted April 15, 2013 Share Posted April 15, 2013 Does anyone else think JCP's bonds are expensive considering the real estate co. subsidiaries guarantee of the new credit line? Link to comment Share on other sites More sharing options...
BG2008 Posted April 19, 2013 Share Posted April 19, 2013 http://online.wsj.com/article/SB10001424127887324493704578430822935769736.html Martha Stewart Products are allowed in JCP The performance of JCP home will be interesting to see. I've seen their products and they look chic, but I have doubts about their price points. They seem rather high for the current customers of JCP. Link to comment Share on other sites More sharing options...
PlanMaestro Posted April 19, 2013 Share Posted April 19, 2013 http://www.forbes.com/sites/walterloeb/2013/04/18/sephora-department-stores-cannot-stop-its-global-growth/ Link to comment Share on other sites More sharing options...
luck Posted April 25, 2013 Share Posted April 25, 2013 taking this one off the radar entirely and moving on to consider other opportunities. in the retail space, costco seems to be thriving despite the age of amazon and disruption. Link to comment Share on other sites More sharing options...
Kraven Posted April 25, 2013 Share Posted April 25, 2013 Soros apparently has taken a 7.9% passive stake. Link to comment Share on other sites More sharing options...
Otsog Posted April 25, 2013 Share Posted April 25, 2013 Interesting twist http://www.sec.gov/Archives/edgar/data/1029160/000101143813000213/form_sc13g-jcpenney.htm Link to comment Share on other sites More sharing options...
LC Posted April 25, 2013 Share Posted April 25, 2013 Interesting twist http://www.sec.gov/Archives/edgar/data/1029160/000101143813000213/form_sc13g-jcpenney.htm At 3.5bln, the company is priced for death. With Johnson gone, all they need to do is fall in line with every other retailer and they should be worth more than 3.5bln. Stock went up to 16 and change per share in the aftermarket. Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 26, 2013 Share Posted April 26, 2013 Goldman Sachs Secures $1.75 Billion Loan for JC Penney http://www.cnbc.com/id/100637207 Link to comment Share on other sites More sharing options...
PlanMaestro Posted April 30, 2013 Share Posted April 30, 2013 http://www.bloomberg.com/news/2013-04-29/j-c-penney-gets-1-75-billion-goldman-loan-commitment.html Link to comment Share on other sites More sharing options...
PlanMaestro Posted May 1, 2013 Share Posted May 1, 2013 http://www.buzzfeed.com/sapna/jc-penney-releases-new-ad-admitting-it-screwed-up Link to comment Share on other sites More sharing options...
muscleman Posted May 1, 2013 Share Posted May 1, 2013 http://www.buzzfeed.com/sapna/jc-penney-releases-new-ad-admitting-it-screwed-up I am still confused why so many people are so interested in JCP at current prices? JCP's price/sales is 0.28, while SHLD's price/sales is 0.14. This means even if JCP could turn around, it has to achieve twice the profit margin in order to have the same upside as SHLD. How likely is it? WMT's price/sales is 0.55, so even if JCP could turn around and achieve the same profit margin, it is merely a double. The upside is so small and downside is so big. Link to comment Share on other sites More sharing options...
PLynchJr Posted May 10, 2013 Share Posted May 10, 2013 In case anyone missed it Joel Greenblatt talked about why he is short JCP on Bloomberg yesterday. JCP discussion starts around 4:25. http://www.bloomberg.com/video/joel-greenblatt-says-apple-google-are-bargains-OLzHrZqvRSeS6Es8wapTRA.html Link to comment Share on other sites More sharing options...
PlanMaestro Posted May 13, 2013 Share Posted May 13, 2013 http://www.youtube.com/watch?v=-D4t5uhjGpw http://www.youtube.com/watch?v=pIIJr3d9qRU http://www.youtube.com/watch?v=vRg3ZZsuF7k http://www.youtube.com/watch?v=g3fucJAcEzg Link to comment Share on other sites More sharing options...
PlanMaestro Posted May 24, 2013 Share Posted May 24, 2013 http://www.washingtonpost.com/business/2013/03/22/2c6d625c-919b-11e2-bdea-e32ad90da239_print.html Link to comment Share on other sites More sharing options...
writser Posted May 28, 2013 Share Posted May 28, 2013 Please forgive me for posting this. Link to comment Share on other sites More sharing options...
rkbabang Posted May 29, 2013 Share Posted May 29, 2013 Please forgive me for posting this. Maybe they need to expand this line of housewares. "The Adolf Collection, available now only at JC Penny". "According to J.C. Penney, any resemblance to Hitler certainly hasn’t hurt business. The $40 teakettle is advertised as having features like its “cool-touch handle, space-saving design and a delightful whistle.” In a Tweet to the comedian Patton Oswalt, who asked about obtaining one of the teapots, the company said that it has sold out online." --Heil, Hitler teapot attracting lots of attention Link to comment Share on other sites More sharing options...
PlanMaestro Posted June 4, 2013 Share Posted June 4, 2013 http://www.bloomberg.com/news/2013-06-04/j-c-penney-continuing-ron-johnson-s-vision-on-the-cheap.html Link to comment Share on other sites More sharing options...
tooskinneejs Posted June 6, 2013 Share Posted June 6, 2013 JCP can't win. First they were criticized for adopting an honest, straight-forward "everyday low prices" pricing strategy. The dumb customers and media pundits didn't like it, so they have now switched back to a "mark-up then mark-down" pricing strategy that will allow dumb customers to feel like they are getting a deal. And now they are getting criticized for the mark-up then mark-down strategy they've gone back to. Watch this WCPO news report out of Cincinnati, Ohio. Link to comment Share on other sites More sharing options...
PlanMaestro Posted June 13, 2013 Share Posted June 13, 2013 http://www.bloomberg.com/news/2013-06-13/j-c-penney-to-end-johnson-era-sales-force-hide-and-seek.html Link to comment Share on other sites More sharing options...
PlanMaestro Posted June 18, 2013 Share Posted June 18, 2013 http://www.forbes.com/sites/walterloeb/2013/06/13/j-c-penney-at-the-crossroad-to-oblivion-or-recovery/ http://www.forbes.com/sites/barbarathau/2013/06/07/j-c-penney-bets-on-home-makeover-conceived-by-ousted-ceo-to-revive-ailing-department/ Link to comment Share on other sites More sharing options...
fareastwarriors Posted July 31, 2013 Share Posted July 31, 2013 J.C. Penney Improves in Back-to-School Web Traffic Retailer Rises to No. 2 Spot on Experian Marketing List. http://online.wsj.com/article/SB10001424127887324809004578638360486796632.html?mod=WSJ_business_whatsNews JCPenney.com has been ranked as No. 2 since July 13, only after Wal-Mart Stores Inc.'s WMT +0.55%website, among the top online retail sites for back-to-school shoppers, according to research firm Experian Marketing Services. That places Penney's site above that of rivals Macy's Inc., M +1.29%Amazon.com Inc. AMZN +0.23%and Target Corp., TGT +0.63%the search-traffic data show. By comparison, last year Penney didn't even receive enough back-to-school search traffic for it to rank among the top 10 sites, Experian said. Link to comment Share on other sites More sharing options...
siddharth18 Posted July 31, 2013 Share Posted July 31, 2013 JCPenney is having credit problems again http://www.nypost.com/p/news/business/jcpenney_is_having_credit_problems_SCqAJhSlOyeFUuabaTdPDJ Link to comment Share on other sites More sharing options...
krazeenyc Posted August 6, 2013 Share Posted August 6, 2013 I'm surprised there isn't more discussion on JCP here. I've following the name since Ackman's initial involvement but never felt comfortable with Ron Johnson's strategy (although there was a chance it could have been a super home run). I've started to buy shares here.. I understand that a lot of money has been "wasted" and it is possible that there was so much damage done that JCPenney's core customer is never coming back -- this is obviously the risk. Ron Johnson himself said that JCPenney's customer were addicted to coupons like drug addicts. What did he think the customer response would be when he took their "drugs" away? The Home store which was about 18% of sales in 2010 were essentially closed in half their stores for quite a while. Johnson also eliminated some of JCP's core brands that JCP's core customers bought (but did not fit in with his new vision for the store). What did he think was going to happen to sales given the above. It seemed as if Johnson thought he had an unlimited checkbook and that is goal was to make JCP the mall version of the Apple Store (aesthetically). Now there are some nice things he has done for JCP. First and foremost he implemented what seems to be a nice cost cutting plan. Second he upgraded their IT systems such that after everything is upgraded there should be substantial cost savings/efficiencies realized. With this new cost structure/efficiency -- unless their core customers are permanently gone, I don't see why Ullman can't bring JCP sales to where they were pre Ron Johnson eventually -- running their old playbook (even if it takes a while to get the merchandise right -- they may have even more disastrous quarters b4 they get there). if Ullman gets sales simply back where they were pre-Johnson the stock is an easy double and maybe more from here. Link to comment Share on other sites More sharing options...
txlaw Posted August 8, 2013 Share Posted August 8, 2013 Now this is interesting: http://www.cnbc.com/id/100948492 Ackman is searching for a new JCP CEO, and he's trying to bring Questrom back as Chairman. Link to comment Share on other sites More sharing options...
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