J. C. Penney Company, Inc. (JCP)

For now the run has been easy. But, from my perch, going forward it may not be as much fun, it wont be easy.    Changing leadership in a Trump world.    Trade of the Week -- shorted iShares Russell 2000 Index ETF at $131.50.    West Coast housing im...

The JC Penney puts that we recently shorted at $0.75 are now worthless -- at the day's end expiration. Good going!

The consideration of the contrary has been a theme all week. And here in "Don't Run With the Crowd: Embrace the Contrary."    Miami madness (of a real estate kind)    Mark Grant is scared by our currency's strength.    Danielle on scenarios.    Booc...

The JC Penney puts we were short (November $9s at around $0.75) a few weeks ago, are now $0.02 bid and offered at $0.04. Congrats to those who played this. They will likely expire at $0 tomorrow.  

At the end of the day!    Don't run with the crowd: Embrace contrary and second-level thinking instead.    Extreme policy uncertainty.    More Howard Marks.    Less Bill Miller.    My little sister!    Graf wrote a goodie.    The movie was in revers...

Donald Trump may make illiquidity, volatility and uncertainty great again.    More "Penneys" from heaven, an analysis of the company's quarterly release.    Trade of the Week -- short Apple . Here and here.    I sold my retail long rentals for sick ...

I have sold the balance of my retail longs: Macy's  , Target  , Walgreens Boots Alliance  and Nordstrom    Given my negative market view coupled with the magnitude of the rally in retail stocks (and the now unfavorable reward v. risk) since Wednedsa...

I am now halving my medium-size retail longs purchased last week for some ridiculously large gains over three brief days (read: lucky!) While I am covering my short JC Penney puts ($0.75 to $0.05), I am not reducing my JCP long position, which was t...

Department stores have received several upgraded on the street this morning. Last week's buys of Nordstrom , Macy's and Target are soaring. And so is constant JC Penney , which I wrote about in today's opener below. Several weeks ago I aggressively ...

While JC Penney's third-quarter results were only slightly worse than consensus expectations, they were much better than many feared.  The share price initially fell but quickly recovered to about $9.20 at Friday's close.  Importantly and critical t...

I am still not well and I will need some time to listen to the JC Penney conference call and comb through the company's EPS report -- weekend assignment. But I promise to have the byproduct out early Monday morning. That said, remember those Novembe...

I am working through the JC Penney EPS release this afternoon. Frankly, I have been pleasantly surprised.

"Today I am asking myself ... Did the FANG names just peak the way iShares NASDAQ Biotechnology Index ETF IBB did in 2015 and Energy Select Sector SPDR ETFXLE did in 2014? The S&P 500 Index kept rising, but those two groups were done!"  -- Kass Diar...

"Price is what you pay; value is what you get." --Warren Buffett Last week I discussed the state of the retail industry. Specifically, I suggested that the negatives were now well-known and seemed to be priced in.  I am now long Nordstrom , Macy's ,...

"Cause you had a bad day You're taking one down You sing a sad song just to turn it around You say you don't know You tell me don't lie You work at a smile and you go for a ride You had a bad day The camera don't lie You're coming back down and you ...

"Dougie, take what Mr. Market gives you." -- Grandma Koufax And I did, Grandma Koufax.   A consecutive nine-day market drop was snapped as we regained most that was lost in that period.   Today was a great day. (Boy, would I like to annualize the pe...

I have been warning about weakening breadth and narrow leadership for weeks and months.   What have we gotten? Eight straight days (in a row) down for the first time since 2008.   But, with stocks suffering from election uncertainties and given the ...

I am adding to these longs: Oaktree Capital Group , Hartford Financial Services Group , JC Penney and Campbell Soup . I covered a portion of some shorts: Caterpillar , Starbucks and Disney (now small in all three).