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greasemonkeyshoes

01/31/20 1:05 PM

#18901 RE: mattys2000 #18900

Stay focus on money making odds....
Everything else are just opinions,merit or no merit.Standstill Period I thought was a bit too long,may simply degrades JCP fire power in the near term.So,I will be looking for baby steps of change,as the dance of two incompatible partners dragged on.
Time is $:
It took 2 years+ to realize the model not working out,therefore it its my believe 2 years are needed to reverse back to the legacy model,where eps margin was as high as 15%/q (vs negative 1-4%/q).
BIG Assumption:
The market has not moved beyond the company,as the risk of items getting old and margin compression is high.

Dickmo

02/03/20 11:25 PM

#18902 RE: mattys2000 #18900

I haven't been at this site for a bit. There hasn't been much going on. And all of a sudden, I see Mr. Pappas is making some waves here.

I read through the 8K quickly. I note they removed the no throwing sand rule for Mr. Pappas. The board can no longer remove someone if he doesn't play nice or bring good snacks to the meeting. Somehow, I fail to see the removal of one of the stupidest and most childish rules in the recent annals of Board mismanagement practices as a major step forward. The children who passed the rule are still on the board.

Mr. Pappas can throw a lot of good money after bad in pursuit of this 'gem'. I'm not sure what the payoff is. There's no Cadillac at the bottom of this box. But he must be smarter than I am because he obviously is richer, so let's see. Personally, I think he could have found another hobby. But if this is what amuses him, I wish him luck. For the record, I'm sticking with Sam for the win, even if I have to give a few points. I believe Sam can make this guy's life miserable. Can't wait for the next board meeting in Erie, PA in a cold a dreary March. Don't be late and no conference call.