JCPenney - Handelsriese auf 30 Jahrestief
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Auf das "Gutwettermachen" des CEO würde ich nicht so viel geben. Die nächsten Quartale werden zeigen, wie massiv der Cashburn ist und ob die Liquidität reicht, um mit neuer Strategie das Ruder rumzuwerfen. Immerhin ist der letzte Newsflow doch mehr als positiv
meinst du mit brisiacum breisach am rhein? falls ja wohne auch am kaiserstuhl... xD
boah, ü7usd. feine sache!
J.C. Penney Rockets on Short Covering
http://247wallst.com/retail/2014/02/27/...-rockets-on-short-covering/
ÜS Google
http://translate.google.de/...ockets-on-short-covering%2F&act=url
Really, what else could it be? Shares were up more than 20% Thursday, after J.C. Penney Co. Inc. (NYSE: JCP) reported fourth-quarter results Wednesday night. We felt the animal spirits taking hold, but Thursday’s surge is beyond even that happy reaction.
The only way J.C. Penney stock is worth 20% more today is if you believe the company has really started its turnaround. Or you just have to cover your short position because this stock is ultimately going to dip even further.
Let’s look at the first possibility. The earnings per share loss was lower than expected, but revenues were also lower. The full-year earnings per share loss was more than $2 a share more than the prior year’s loss, and revenues were down more than $1 billion year-over-year.
A believer in the beginning of the turnaround could point to the 2% same-store sales growth in the quarter, but that was less than half the 4.3% growth estimate from research firm Retail Metrics. First-quarter same-store sales are forecast by the company to rise 3% to 5%, but it says only that “gross margins will improve.”
The company’s sales have been down for so long that anything looks like up. What we saw Wednesday is only “up” relatively, and what we can expect to see in the first quarter is also “up” only in the strict sense that it will not be worse than the first quarter of last year.
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More than 42% of J.C. Penney stock was held short on February 14. That 42% is not bailing out today, they are covering their bets.
The stock traded at $7.36 in the late morning, up 23.6%, in a 52-week range of $4.90 to $19.63. More than twice the daily average of about 30 million shares had traded hands already.
By Paul Ausick
Read more: J.C. Penney Rockets on Short Covering - J.C. Penney Company, Inc. (NYSE:JCP) - 24/7 Wall St. http://247wallst.com/retail/2014/02/27/...ort-covering/#ixzz2uXtE9ue2
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schönes we allen.
Double Bottom in J. C. Penney Company Inc. (NYSE:JCP), Will The Rally Sustain? - See more at: http://basicsmedia.com/...the-rally-sustain-8794#sthash.LB2TdKGl.dpuf
J. C. Penney Company Inc. (NYSE:JCP) has posted its fourth quarter and full year results that came above analyst’s expectation recording first sales gain since the second quarter of 2011. The merchandise and service company recorded solid progress for the second quarter despite experiencing challenges in the retail space. Same store sales were among the best performers moving up by 2% as compared to the third quarter as the company generated positive free cash flow of $246 million. Holiday sales were positively impacted by the holiday frenzy of November and December as they were up by 3.1%. J. C. Penney Company Inc. (NYSE:JCP) Chief Executive Officer was quick to note that the company achieved its key targets of the year on all fronts. Fourth quarter results The gross margin was one of the biggest movers in the fourth quarter growing from lows of 23.8% to highs of 28.4% representing 460 basis points improvement. Net sales for the quarter came in at $3.78 billion slightly lower when compared to net sales of $3.88 billion in Q4 12 which was rather impacted by the additional 53 weeks. Comparable store sales of J. C. Penney Company Inc. (NYSE:JCP) for the quarter was up by 2% a 680 basis points improvement compared to the third quarter of the same year. Online sales for the quarter were also up by 26.3% clocking in at $381 million.
Comparable store sales were down for the full year by 7.4% with total sales also going down by 8.7%, online sales was the only best performing segment in this case growing by $59 million to clock in at $1.08 billion. Gross margin also fell for the full year by 190 basis points coming in at 29.4% when compared to the prior year of 31.3%
Full year was mainly mired by a loss of $1.42 billion which included restructuring and management transition charges amounting to $215 million.
Outlook
J. C. Penney Company Inc. (NYSE:JCP) expects sales to grow by approximately 3% to 5% with gross margin also expected to grow for the first quarter. JCPenney expects liquidity to be in excess of $2 billion at the back of total capital expenditure of $250 million.
J. C. Penney Company Inc. (NYSE:JCP) was up in the market by 25.34% to close the day at a high of $7.47
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- See more at: http://basicsmedia.com/...the-rally-sustain-8794#sthash.LB2TdKGl.dpuf
http://seekingalpha.com/article/...ruptcy-target-10-on-short-covering
No bankruptcy for JC Penney (JCP) in 2014. A meager 2% increase in same-store sales, a 460-basis-points jump in gross margin, and a small profit, have convinced many investors that JCP has snapped a streak of deteriorating financial results, jettisoning the stock 32.6% higher after the beleaguered retailer reported earnings on Wednesday.
JCP "recognized a tax benefit of $270 million primarily related to gains resulting from the annual re-measurement of the pension plan," according to the statement, a one-time adjustment that put the retailer in the black for the quarter.
In addition to $2 billion in liquidity posted for the fourth-quarter, CEO Myron Ullman shocked investors with regard to liquidity, which, he stated, is "expected to be in excess of $2 billion at year-end."
That all-important and closely-watched guidance implies a self-funded operation at JCP in 2014, which also implies that JCP no longer needs access to its credit facility's $400 million accordion feature.
"Now the risk looks much lower, because people were convinced, at least the short were . . . convinced, that these guys were going to go broke or had to recapitalize the business somehow," former senior vice president of May Department Stores, Jan Kniffen, told CNBC on Thursday. "And now it doesn't look like it."
That's "aggressive" guidance, said Morgan Stanley's Kimberly Greenberg, who maintained her 'sell' rating on the stock and $4 price target.
Aggressive?
Greenberg may be putting it rather mildly, in my opinion; a better word would be "incredible."