JCP - JC Penney

[racemize]

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]

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]

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.

[Guest hellsten]

"Invasion of the zombie retailers":

http://247wallst.com/retail/2014/08/14/j-c-penney-earnings-back-from-the-dead/

[valueinvestor82]

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]

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.