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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Esway who wrote (2120)5/15/2000 10:10:00 AM
From: BWAC  Read Replies (2) | Respond to of 5499
 
Wait a minute here on JCP?

Target of 20!! On 1.75 in earnings? Just a little over 10 PE? With the dividend of 6%? With a book value of $25? If you back out all goodwill book value would be $15? Eckerd spinoff coming up soon?

I mean if the potential upside price is only $20, why is this company even in business? Everything lock stock and barrel should be liquidated, sold off, returned to the shareholders.

$20 values JCP on its earnings potential alone, and at a less than market multiple. Not on dime is given for its accumulated assets and stockholders equity over the years. Thats insane, and absolute proof that these idiot analyst do not even look at a balance sheet.