Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : SPIN-OFFS "secret hiding places of stock market profits" -- Ignore unavailable to you. Want to Upgrade?

To: Stewart Whitman who wrote (346)	10/20/1999 9:57:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 1185

Thanks, Stew. That's helpful information for me. Yes, I'm taking a round trip ride with JCP. Own it at higher prices, watched it rise and decline. I just do not see how their retail business survives: squeezed by Wal-Mart/Target on one side, Macy's/etc. on the upscale end. Not to mention the popularity of fast moving fashion chains like The Gap or Abercrombie. The squeeze is keeping me from adding to my position here. But I do keep thinking about adding --- or in other moments-- selling what I do have all out with a mouse-click! There's still a lot of strength in JCP though. At the end of '96 they were the nation's largest retailer of Nike, of diamonds, and the country's largest operator of beauty salons. It's now the drug stores they own that hold the interest for investors, I think; but there's also their retail catalog (which means an "order fulfillment" business -g-), and their direct marketing operation (insurance business). I take it you think the tracking stock, Eckerd, will be worth quite a bit of the current $29 JCP price? Paul.