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Non-Tech : j.c.penney
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To: Yogizuna who wrote (61)10/4/2000 9:45:03 AM
From: James W. Bradsh   of 111
 
Yogi, if JCP hits single digits (a moot question) then I also would definitely add to my position. I have a personal 12 month target price of $20+ or 24 month of $35+ But do not expect any large inflow of "buys" until it can demonstrate a turning point by two consecutive quarters of improving cash flow and higher comparative year to year revenues. We may see opportunity when individuals decide to take tax losses later in the year (but, then again, perhaps most of that is already done... who knows for sure.) Hmmm, all in the fullness of time, eh? JW
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