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I'm curious if anyone has called the 1-800 number listed on the website? If so, what was said?
I know, I know, I could call myself but I'd prefer not to be one of hundreds of calls bothering them.
TIA
Yes, I understand, but your point would have been better appreciated without that little jab at the end.
I was in agreement with you, until then.
BTW, charts are open to interpretation. My interpretated GUESS is for a very slight pullback - followed by a blue sky breakout! ;)
However...It appears it's OK for YOU to GUESS.
Now that's what I was talking about earlier! Thus you back up your "I bought low" statements!
Post first, brag later! Membermark VUK!
Go AEGY!
I'd love to see all these people "picking up cheapies" and "buying on the dipps" post their buys right before they pick up those cheapies and dipps.
Hey, I'm a holder but I'm sick of the games. Just like those that say "I sold at the top" or "I picked up a million at the bottom".
Perhaps I just need to stay away from message boards!
Yeah, that's my .004 cents! :)
AEGY (mmj sector) 100+% gains the past couple of days, anticipating news.
http://investorshub.advfn.com/Alternative-Energy-Partners-AEGY-17584/
Who's in the million+ share club? I have only one mill, I diversified my MMJ investments, all are up but this one beats the cake!
I dreamed last night I sold some shares and it took off the next day with a PR. I woke this morning in a panic until I realized it was a dream, only a dream!
And we just bent over and let them get away with it (myself included)! We simply cannot let this die!
How do you know? I thought it was due to go live LAST MONTH!
I'd be happy for a ONE STATE LAUNCH!
Common' what happened to "launch in December"?
One of a few recent (today) articles being written about AEGY:
http://www.hotstocked.com/article/53812/alternative-energy-partners-inc-otcbb-aegy.html
OK, so I got a little "dough" in my face with that statement BH.
I wrote that before JCP released yet ANOTHER one of their wonderful informative updates. Let's see what today/tomorrow brings.
I may have lost the battle but I will win the war :)
I know, there are going to be a lot of people shouting "D'oh!" later today!
MM's are very very sneaky indeed.
...and she continues to run and laugh all the way to the bank, with our money.
Exactly. "Launch in December, launch in December!"
Yeah right! Whatever!
Hey risk on, can I open my eyes yet?
BTW, I hate your charts! ;)
Gotta hand it to you though, you're good!
Does anyone else look for the "LIKE" button when they read a post they like? I think iHub needs one!
It's a slow climb back to where we were. Please, do not provide us with any more "HOLIDAY UPDATES"!
Yeah, he's good - darnit!
I'm still ahead, still happy and HOLDING TIGHT!
risk on, UpTick...I want that Bud back I gave you yesterday! Maybe more! I need it, LOL!
It's all good, lots of fishies being fed.
HA! I'm here! Hey it works both ways, when we're hitting on all eight cylinders I don't hear a lot from you :D
Anyway, chalk one up to the UpTick and risk on group. This Bud's for you! Hey, that's not a bad idea, I need a few after a day like today.
Cheers my friends!
risk on - Got it. I agree, thanks.
Best of luck to everyone today, I'm outta here. Geaux JCP!
Risk on... I may disagree with you most (if not all) of the time with regards to JCP, however...I love your honesty. That's why I follow you. :)
Well, my Saints lost last night but it looks like my JCP will score a couple of touchdowns for me. Maybe more!
After Hours today was just a three point field goal, hit dead center!
Oh My Goodness, kiss that TEN please!
Hey, I was paying you a compliment!
Time to get back to work, Happy Thanksgiving to all!
Gotta admit, he's a great chartist, I've followed his work but, as I've stated before, sometimes you have to use your common sense. Do your DD and apply it!
Do you mean 7's as in NINE.SEVENTY'S?
If so, I'm inclined to agree with you, it might retrace back to 9.70. It surely was nice to see it just bump 9.90!
THANKS! Make sure it has the old JCP logo on it please!
That's YOUR opinion. This honey is heading UP-UP-UP, with a few bumps in the road of course!!!
Oh yes, that's MY opinion ;)
...and my "opinion" appears to be winning!
EXACTLY! I couldn't have said it better! I tried, but only my dog listens to me, and she doesn't even do that most of the time!
J.C. Penney Soars on Encouraging November Sales
J.C. Penney is surging in premarket trading after it indicates that sales trends in November were encouraging even though third-quarter earnings came in worse than expected.
By Laurie Kulikowski, Retail/Small Business Reporter
THESTREET.COM — 3 MINUTES AGO
NEW YORK (TheStreet - J.C. Penney was surging more than 6% in premarket trading Wednesdyy after it indicated that sales trends in November were encouraging, even though third-quarter earnings were worse than expected.
J.C. Penney reported a net loss of $489 million, or $1.94 a share, for the quarter ended Nov. 2. The loss includes 18 cents of restructuring and management transition charges, 4 cents related to primary pension plan expenses and a 9-cent net gain on the sale of a non-operating asset, but included a 73-cent loss associated with tax valuation allowances, the company said.
The adjusted loss was $457 million, or $1.81 a share.J.C. Penney reported net sales of $2.78 billion, down 5.1% from the third quarter of 2012 and just shy of analysts' estimates calling for sales of $2.79 billion.
Analysts, according to Thomson Reuters expected J.C. Penney to post a loss of $1.77 a share on revenue of $2.79 billion. J.C. Penney CEO Mike Ullman says the company is "encouraged" by November sales so far.
However, the company said it saw improvements throughout the quarter and into November.
Shares were surging 6.4% to $9.27 before the markets opened.
Comparable-store sales declined 4.8% for the quarter, but the company said comps represented "a sequential improvement of 710 basis points" when compared to the second quarter. J.C. Penney had previously announced that October same-store sales rose 0.9%, the first time they did since December 2011.
Sales on jcp.com jumped 24.5% for the quarter to $266 million.
"Our strategies to reconnect with customers are beginning to take hold, and this became increasingly clear as the quarter progressed," Myron E. (Mike) Ullman, J.C. Penney's CEO said in the earnings statement. "This is the result of the tremendous efforts of the associates across our company to restore the merchandise customers want and deliver an unmatched shopping experience. We are proud of the company's October sales performance, encouraged by the early weeks of November, and believe we are making strides toward a path to long-term profitable growth."
J.C. Penney said fourth-quarter comparable-store sales and gross margin are expected to improve sequentially and year over year. It expects SG&A expenses to be below last year's levels, with total available liquidity to be in excess of $2 billion at year end.
Women's apparel, men's apparel and fine jewelry were the company's top performing merchandise divisions.
Still, gross margin in the third quarter fell to 29.5% of sales, compared to 32.5% in the same quarter last year.
The gross margin was "negatively impacted by lower clearance margins due to the overhang of inventory from the first two quarters of the year, higher levels of clearance units sold, as well as the company's transition back to a promotional pricing strategy as compared to last year's strategy," but it did improve sequentially throughout the quarter, the company said.
SG&A expenses for the quarter were approximately $1 billion, down 1.9% from the previous quarter and down 7.5% from the third quarter of 2012, J.C. Penney said.
The company also said that it repaid $200 million from its revolving credit facility.
Cash and cash equivalents at the end of the third quarter were $1.23 billion. The company's total available liquidity, which includes cash and cash equivalents as well as the availability under the company's revolving credit facility, was $1.71 billion at quarter end.
"We are committed to building on our progress by winning this holiday season," Ullman said. "The continued strong support of our domestic and international suppliers has helped ensure our merchandise assortment is outstanding. Furthermore, our new marketing campaign, which launched this week, will help remind customers that JCPenney is the destination for great holiday gifts that fit their budget."
- Written by Laurie Kulikowski in New York.
It's out, UPTICK (I assume) just posted the third quater results, above. Thanks buddy!
Hedge funds bet on J.C. Penney turnaround
J.C. Penney shares have bounced off their lowest levels in 33 years. But the troubled retailer is expected to disclose another round of heavy losses when it reports third-quarter results.
Ben Rooney
CNNMONEY.COM — 12:25 PM ET 11/19/13
J.C. Penney has attracted the attention of some top hedge funds as the retailer struggles to turn itself around.
Shares of the troubled retailer have risen 35% over the past month, bouncing off their lowest levels in 33 years.
The rebound comes near the end of a brutal year for the company. J.C. Penney (Symbol : JCP shares are down more than 50% in 2013, making it the worst performing stock in the S&P 500.
Bill Ackman, a long-time investor in J.C. Penney and a supporter of ousted CEO Ron Johnson, cut his losses in August.
But the company has recently received backing from some other high-profile hedge fund managers, including George Soros and David Tepper of the hedge fund Appaloosa Management.
It's unclear whether these investors are making a long-term play, or just speculating on a short-term recovery in the stock price. But most analysts expect J.C. Penney will report another round of heavy losses when it releases its third quarter results Wednesday morning. Revenue is expected to fall 5% in the third quarter to $2.79 billion.
J.C. Penney said earlier this month that same-store sales, a key metric in the retail industry, rose nearly 1% in October. It was the first time same-store sales grew since December 2011, and came after a 4% drop in September.
CEO Mike Ullman touted the sales numbers, saying J.C. Penney has made "significant progress" and is on track to "return to long-term profitable growth."
But the real test for the company will come in the current quarter, when the all-important holiday sales period begins.
Bernard Sosnick, an analyst at Gilford Securities, said sales could increase 10% to 15% in the fourth quarter from a year ago.
He acknowledged that J.C. Penney has the benefit of easy comparisons with last year, when fourth-quarter sales plunged. But he said aggressive promotions during Veterans Day weekend earlier this month suggest the company will pull out all the stops for Black Friday.
"A good fourth quarter, and Penney is back," he said.
Not all analysts are so optimistic.
"If they don't have a good holiday season, there is no turning the company around," said Paul Lejuez, an analyst at Wells Fargo Securities.
Lejuez said he will focus on J.C. Penney's profit margins and costs as the company slashes prices to get customers in the door.
Even though sales were up in October, store traffic was still down, said Lejuez. "It makes it look like those customers that left are never coming back," he said.
Much of the company's current turmoil stems from the controversial tenure of Johnson, the former Apple retail executive who stepped down in April after his store makeovers and price changes failed to show results.
Ullman, who ran J.C. Penney before Johnson, has been rebuilding store inventory and bringing back discount brands such as St. John's Bay.
Beyond the company's current troubles, J.C. Penney needs to become more competitive in a market where more consumers do their shopping on the internet.
This is not unheard of, however.
Best Buy went through a similar ordeal last year and has emerged in a better position. The electronics retailer's stock has soared this year and is one of the top performers in the S&P 500. Shares fell Tuesday though after Best Buy said that more promotions during the holiday shopping season could hurt its profit margins.
But J.C. Penney would still love to be in Best Buy's shoes. It's not there yet though. The first step will be to stem the flow of red ink and stabilize the company.
"Right now, we're just talking about pulling the company out of a nosedive," Sosnick said.
You got that right UPTICK, it should be an interesting day. I'm not concerned, I'm riding this bronco through its ups and downs...until it hits my mark. Just not good enough to flip her, kudos to those that are (or pretend to).
Hey buddy! Yeah ya right...and my Saints won yesterday! All is good! Take care.
USA Today: J.C. Penney looks to hit all the right notes...
http://www.usatoday.com/story/money/business/2013/11/18/jcpholiday/3587701/
FA-LA-LA-LA-LAAAAAAAAA!
And in the words of my good friend UPTICK...Glta!
Well, Weeeeee-Doggie! Nice update Euripides, thanks.
Hey Uptick, where ya been my friend? Seriously, I miss bantering with you! Have you left the darkside yet?
Isn't it nice, these past couple of weeks, to Google JCP, click news and read mostly positive stories/updates?
Love it and love this uptrending PPS!
Glta, as my good friend UPTICK says ;)
This caught my eye from another poster that I follow. I've gone through a couple pages of posts but I haven't found anything to make me throw in a few bucks. Can anyone give me a little insight? Everyone seems excited about something... TIA