SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : j.c.penney
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: X-Ray Man who wrote (105)4/21/2017 3:45:00 PM
From: X-Ray Man   of 111
 
Price continues to slip and short interest grow without any news. But there may be a hint of an upside event coming that could catalyze a short squeeze. The decision last week to delay closing of stores is interesting, because it suggests this quarter will show more revenue than previously anticipated, something probably not picked up on by analysts. And while the assumption is that is due to publicity surrounding the anticipated closings, one would rather have expected drop in sales as people waited for the planned liquidation sales. So two things could also be hinted at here: 1) that sales generally might have been better at stores countrywide and 2) they will lose less and have lower cost of closing the stores on the chopping block than originally planned. Both could contribute to an upside surprise in earnings when they report in May.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News