Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Let's go!!!! Once we break .46 then watch out!
Let's go! If we get through 46 then its blue skies!
If we bust through 46 today then it's on up to 70s
Keep in mind they are expecting everything to be done and a resolution in place by July 14. This thing this going to keep going up all month. I bet lots of news will come out between now an DC then too
No telling where this goes tomorrow
Theres no need for the judge to do anything if things go as planned.
RIP shorts
Remember they are still talking about separating the real estate portion from the company. So there are probably several bidders for either part of the company trying to offer the best deal.
I thinkk Amazon is still in the mix. Amazon would probably want the real estate JCP is cutting and sycamore would want the more profitable retailer portion.
Keep in mind! JCP continues to gain value every day more stores open!!! This means the buyout value of JCP continues to increase every day!!!!
Sycamore Partners
Sycamore Partners is a private equity firm based in New York. The firm specializes in consumer, distribution and retail-related investments and partners with management teams to improve the operating profitability and strategic value of their business. Sycamore has approximately $10 billion in assets under management. The firm's investment portfolio currently includes Belk, Coldwater Creek, CommerceHub, Hot Topic, MGF Sourcing, NBG Home, Pure Fishing, Staples, Inc., Staples United States Retail, Staples Canada, Talbots, The Limited and Torrid.
Wowsa!!! JCP!!!!
JCP value goes up every day another store opens back up!!!
I've been buying almost every Friday for quite a while now. Just loading. 0 sales.
Going to be an interesting morning!!!
I love this quote, " it intends to reduce its store footprint and focus resources on its strongest stores and powerful eCommerce flagship store, jcp.com." Gonna have some help from Amazon?! We shall see!!!
Bet on humanity!!!! Bet on JCP!!!!
They have a clear pathway to emerge from Bankruptcy as a profitable company with several options. This is a no-brainer
People gonna be fighting over shares
This was the first step! Means everything moving forward! Bet we find out a lot more in the coming weeks!!! Buyout ? Split into two? We already know there are potential buyers involved!
Lots of people still haven't seen the news yet!
Bam bam!! Let's go! Bankruptcy may not even be necessary now!!
Well no question whomever is hiding behind anonymity on this is a very persuasive and powerful company. Things gonna get really interesting here
Sweet!!!! Onward and upward!!!
Link? I'm working cant research.
Picked me up some more!!! Nice!!!
Now Felicia is gone this thing can run!!! Let's go!
Cant wait to see what today brings!!!
JCP gaining more and more value every day!!!! Wooooo!!!!!
I'm 100 percent OK for them fighting for the best deal for us! Either way we win here IMO!!!
Uh oh. News coming?
I love how the judge tells the investor he cant tell him things then goes into a long description of how things normally work in a BK. It's almost like he was saying look I cant tell you its gonna be alright and what is about to happen but hey worst case sceneraio here is what happens and you will still be fine. That's how I felt after listening to him.
Theres two plans from what I can tell. I believe the boy out will probably happen by Jul14th if they keep on track. If buyout doesnt happen the back up plan is to split the company. It's a win win
Listen to the audio! Never seen a bk like this! I feel 100 percent safe
Next major milestone after July 2nd is July 14th. July 14th he says we should have a conclusion. Should be a good next few weeks!
So June 2nd we want the Dip approval. If that goes through then the plan is moving forward
Yeah it sounded to me they wanted it done in 60 days and if they are able to pull off the good numbers then theres some deal waiting for them at the finish line to keep moving forward.
I like that they are wanting to come out if this quickly. Better than a long drawn out process!
I wonder if that investor mentioned is on this board and can provide us with info. Shakari or whatever it was
https://cases.primeclerk.com/JCPenney/Home-DocketInfo
Quick links then go to the audio file