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Lots of accumulation happening. F poised to have a breakout soon
I think you are kinda mistaking stuff. The only company confirmed to be buying JCP is Simon and they intend to use the buildings for customers like Amazon. Pretty sure if you read the articles you’ll understand
Friday is a hearing on whether a formal EC should be authorized and funded. The EC has already submitted their case to the judge. When the judge approves it then we will have real representation and the real fun begins. IMO JCP and Scuzburg have messed up way too much and have a lot of answering too. They know they have been caught and wrongfully used the pandemic as an excuse to file BK. Everyone who has looked at the numbers knows this could have been avoided and matter of fact they had a plan that they did not disclose to us investors like they said they would either.
Well that’s simple. It’s being manipulated. The true value of the stock isn’t being realized with the phony fake information put out by Scuzburg and JCP. The information is all out there. I encourage you to try to prove what the EC filed as wrong. It will only help the EC be better prepared.
Yeah I’m not a fan of Dicks just throwing out some connections. But something big would have to be going in these buildings cause JC Penney stores generally are big spaces. The whole why Nike is staying with JCP while they are in BK stumps me unless it’s connected to a partner they are continuing to build a relationship with
DICK'S Sporting Store Expansion On, Opens Concept Stores
Zacks Equity Research
June 17, 2020, 9:04 am
DICK'S Sporting Goods, Inc. DKS is on track with expanding the global footprint by store expansion efforts. To this end, the company announced two types of concept stores —OVERTIME by DICK'S Sporting Goods and DICK'S Sporting Goods Warehouse. This move is in sync with its plans to expand outlet and clearance stores in a bid to offer popular athletic brands at discounted prices.
Last year, the company had opened three clearance centers in Utica, MI; Spartanburg, SC; and Racine, WI. The current store openings will bring the total number of outlet and clearance stores to 11 in nine different states.
Notably, the first concept store type, OVERTIME, will offer a wide range of apparel, footwear and equipment products from well-known brands, including Nike NKE, Adidas ADDYY and Under Armour UAA at up to 75% discount. The company is working on keeping inventory fresh for customers at these stores. It also noted that new markdowns will be added throughout the year.
Further, two OVERTIME stores in Connecticut and Maryland will start operating from today, while the one in Pennsylvania will be open from Jun 24.
Speaking of the second concept store, the company will open DICK'S Sporting Goods Warehouse at five locations. Customers will be offered upto 90% off on popular footwear and apparel brands. Such warehouses will also come with temporary pop-up-style shopping experience for the next six months. These warehouses are now open in Avon, IN; St. Peters, MO; North Olmstead, OH; South Hills, PA; and Brookfield, WI.
Moving on, DICK’S Sporting has reopened few stores since mid-April in sync with the CDC and local health guidelines following temporary store closures due to coronavirus. In this regard, roughly 80% of its stores are now open as of the end of May. Going ahead, it remains on track to reopen more stores in the second and third quarters of fiscal 2020. Moreover, the company highlighted that consolidated same-store sales have fallen 4% in the first four weeks of the second quarter compared with a 29.5% decline in the fiscal first quarter. This suggests that the reopening of stores is aiding sales.
That said, reopening stores and launching new ones to enhance the store business are likely to aid the company’s performance. Such endeavors have led this Zacks Rank #3 (Hold) stock to surge 140.4% in the past three months compared with the industry’s growth of 74.4%.
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/dicks-sporting-store-expansion-opens-140402878.html
Kirkland and Ellis connection
Dick’s sporting goods: Kirkland defended Dick’s Sporting Goods against claims that its SECOND SKIN trademark infringed Tommy John,
https://www.kirkland.com/-/media/services/intellectual-property/2018-ctia-brochure-110518_digital.pdf?la=en
Perhaps they want to expand even more? They are a big Nike retailer too.
Here’s a fun fact... the new Dicks locations are in malls where Sears stores are permanently closed...
Dicks Sporting goods?? Hmmmmm
Actually now that I think about it it could be. They cut ties with Amazon around the same time JCP filed BK. Maybe they did it to stage for whatever JCP is about to become.... and this latest tie cutting makes it even more of an exclusive deal for whomever is buying JCP. Nike easily could have walked away already. There’s obviously a big synergy happening to keep them with JCP
There has to be something big happening with JCP and it’s not Amazon imo
You can find Nike shoes on Amazon too even though they cut ties last year.
Nike also cut ties with Amazon last year.... so why are they continuing with JCP????
This has been a constant range of manipulation since the BK started
Next bounce will give us a higher stair step up!!!
Nothing good has come from Scuzburg or JCP. Lie after lie! Even under oath! Purgers! Time to let us have real representation!
I have no doubt Scuzburg will try to pull some rabbits out of the hat. Problem is there’s too many holes in the hat. There is no way the judge can deny all the facts that have been exposed thus far. Can’t wait till the 28th!
I’m 100 percent behind the EC! Their latest filing was well written and provides unanimous proof of the corruption here! I have no doubts EC will be fully recognized! Get ready folks!!
Haha! Tell him Niko!!!
Let’s go!!!!! I’m voting for EC!!!!
Looks like a bounce coming soon maybe tomorrow
So he believes they are going to pay to exit bankruptcy?
Lol this scam is changing names again to carry on the scam
I think you mean purposely
JCPenney adds Plano's Collin Creek Mall location to list of permanent closures
https://communityimpact.com/dallas-fort-worth/plano/impacts/2020/08/18/jcpenney-adds-planos-collin-creek-mall-location-to-list-of-permanent-closures/
JCPenney to shutter Regency Square store; Rebkee, Thalhimer to buy building
https://richmondbizsense.com/2020/08/21/jcpenney-to-shutter-regency-square-store-rebkee-thalhimer-to-buy-building/
After this weeks events it’s very possible something could happen this weekend. Timing is everything
They’ve kept this at the same range for some time now. I think something gonna happen this weekend/next week that will change things
There’s something big coming
And trying to hide their recovery plan from us which would have clearly worked! Ridiculous!
DEBTORS’ WITNESS AND EXHIBIT LIST FOR AUGUST 24, 2020 HEARING
The above-captioned Debtors and Debtors in Possession (collectively, the “Debtors”) file
this Witness and Exhibit List for the hearings to be held on August 24, 2020 at 1:00 p.m.
(prevailing Central Time) (the “Hearing”) as follows:
WITNESSES
The Debtors may call the following witnesses at the Hearing:
1. Rebuttal witnesses as necessary;
2. Any witness listed or called by any other party; and
3. Any witness called by any other party..
That's awesome!!!! Love it when the little guys get a win!!!
Now if only someone would expose the price manipulation here so this thing can run!!
True but I have no doubt he will. That is a solid case against the company. And Sussberg and JCP are only helping our case out at this point
Tomorrows Friday!!! Wonder if we are gonna see some news over the weekend
Ec couldn't have wrote their argument any better! We are definitely in for a treat here!
Yup more shares in better hands as we go onward and upward!
Still here. Was waiting for EC to do something. bout back in at .31s conveniently the same day EC filed their new motion. Hows that for market timing?
This thing should keep running now EC has formally made a case! Super excited!!!
What's that big file all about on prime clerk?