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Non-Tech : j.c.penney -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (37)	9/8/2000 10:03:46 AM
From: James W. Bradsh	Read Replies (1) \| Respond to of 111

Yogi, picked up shares last week, and of course it has backed off a point since (my usual luck). However, it would seem when the new Chairman takes over Sep 15 a gradual turn should begin. It may take a year to really begin to show any MAJOR results though. Look at this as a long term commitment... wonder if the high dividend will hold. Wouldn't be surprised to see a cut, but that remains to be seen. JW

To: Yogizuna who wrote (37)	9/8/2000 1:12:47 PM
From: Mark Adams	Read Replies (1) \| Respond to of 111

I looked closely a few days back, when retailers were all getting smacked pretty good. I held off adding, as it looks like the picture has changed some. There was mention of a delay in the spinoff of Eckard, due to performance issues. Earnings were below my expectations. With a new CEO, I expect there will be additional charges to cover changes implemented. I believe it will be at least a couple of months before the CEO establishes an action plan, and JCP could be drifting in the indecision that results when the future vision gets muddy. I hope I am wrong, already owning some shares, but I think it may get a little darker before the sun rises. I continue to watch closely, and may pull the trigger soon. A good drop in the indexes would certainly encourage me to take on some more risk. Given the energy and interest rate situations, I have trouble deploying more capital with the indexes so close to their peak. So for now, my caution won over valour.