Posted on 09/27/2013 8:48:31 AM PDT by SoFloFreeper
J.C. Penney’s stock hit a 13-year low Wednesday as investors grow increasingly concerned about the future of the 112 year old iconic American retailer.
Shares plunged more than 15% at one point and briefly dipped below $10 a share — a level they have not touched since November 2000.
Several analysts are predicting that J.C. Penney did not have a good back to school shopping season, and that sales continued to plummet in late August and early September.
Investors had already been spooked by reports that J.C. Penney might be seeking to raise more cash through the sale of new stock or bonds.
In a conference call with analysts last month, J.C. Penney executives said they would not need to raise more cash anytime soon. They expected to have $1.5 billion in cash by year-end.
But JPMorgan analyst Carla Casella recently estimated that the retailer could run out of cash by the third quarter of 2014 if J.C. Penney’s sales and profits failed to improve.
(Excerpt) Read more at wtvr.com ...
Well said. When they’re already trying your patience in other ways, it only takes one more thing-and the sodomite support wasn’t a straw, it was an oak tree-to push you away for good.
I literally haven’t stepped foot in the local mall for app 10 years, and it’s less than a mile from me. I hate shopping anyway.
I am not a big shopper either but I like having options and choices. I am not real keen on living in East Germany circa 1955.
A Toyota Avalon is a Lexus for 15% less money.
Their business plan is different from that of an uncorrupted people. Like Obama, they are in the business of destruction. Tearing down America and American institutions, traditions, culture, and businesses is the goal. They are motivated by the hate that they project upon the regular Americans who refuse to convert.
Scorched earth. It's not just DHS, DEA, IRS, LEOs et al no-knocking down the nation. Insider arsonists are busy burning down America from what used to be respected and honorable institutions (e.g. the military, Boy Scouts, traditional American companies).
The debased CEOs get a hold of these companies and then if the customer base votes with its feet, the business dies. That's a success - one less place where those ugly homophobes get to shop. Tick tock...
The discrimination in selecting members of the board of directors is promoted with recruitments from the college fraternities and sororities, linking the indoctrination in the educational establishment with the leaders of business and government. Universities actively recruit sexual deviants and corrupt leadership. At a major state university library, the man who was the chief librarian and married was notorious among university workers at the library for recruiting student workers for his department who were male, young, blonde, and gar or susceptible to gay advances. The man was also notorious for using one of the men’s restrooms at the library to hang out in the toilet stall and make advances under the partition to recruit young male students. Any male student who was not receptive to the advances found himself having problems with the university administration and his opportunities to earn good or even passing grades in the courses. Thirty five years later this man was deceased, and his witless acquaintances claimed to know nothing at all about his perversions and sexual harassment of the male students.; but another professor at the university continued the sexual abuse with at least one student who had to sue the university for the abuse and attempts to force the student out of the university. So, nothing had changed for the better in the last thrity five years at this major university. yet, those who passed the gay and lesbian screening of the students were rewarded with academic degrees and access to the ranks of management and government.
I don’t believe they want to destroy their companies, but I do think they put ideology ahead of corporate health. It’s more important for them to make a statement than a profit.
You will not be sorry.
Me either.
I’ll be back shopping tomorrow. They are having a “$10 off $25” sale and you can print the coupons online, just like Obama prints money.
I stopped shopping at JCP when they stopped having sales. NO other reason..
Thank you for the link. I did go to that site, and found it interesting. Posted it to “favorites”. Thanks again.
I didn’t darken their door after that disgusting ad campaign. And I’m sure hundreds of thousand of others didn’t either.
This thread is five years old bro. Penny's is still around and apparently well-positioned to benefit from the downfall of Sears.
This was an ad campaign ran only in gay magazines. Amazon ran an ad campaign with gay men for their Kindle on prime-time television. Did it hurt Amazon?
Yeah, I realized the article date after I posted. Why was it in my more recent feed?
Doesn’t matter where the ad ran. People got wind of it and a lot of them swore off JCP, as I did. I’m not alone in the least.
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