Click to enlarge.
Trick question! Too close to call!
August 8, 2013
‘Just a couple of quarters’ left for JCP?
Asked who might be able to turnaround the company's fortunes, Dunn said it was difficult to say.
I have a particular person in mind. Unfortunately, he was apparently crucified during the 1st century AD.
August 8, 2013
Tears for Sears
The store’s demise was an isolated closure and not part of any new announcement of shutdowns by the struggling retailer. In 2012, Sears Holding announced closure of up to 120 of its Sears stores across the country, but skipped over the East Wenatchee outlet to shutter larger stores in Walla Walla and Lacey as part of efforts to reduce expenses and move forward with a new business model.
The new business model apparently involves stealth closures. That's bound to work at least as well as putting a lid on same-store sales data.
Source Data:
Yahoo Finance: Historical SHLD Prices
Yahoo Finance: Historical JCP Prices
Hey it was a real estate play cause real estate always goes up just like stocks and when they're combined it can only really go up cause "asset" inflation is not inflation even when that non-inflation is way outpacing wages which oddly are the basis of the ability to buy assets and Sears stuff.
ReplyDeleteIf only everyone behaved according to "macro" then the genius of these awesome whiz kids along with Siegel would be overwhelming.
dd,
ReplyDeleteHey it was a real estate play cause real estate always goes up just like stocks and when they're combined it can only really go up...
2x real estate x 2x stock = 4x the fun!
This was a simple explanation which everyone could understand, and because Malone was not a simple person he perceived that he had better let it suffice. - H.P. Lovecraft
That Lovecraft, what a hoot! ;)
My benchmark is Dan Simmons and Hyperion and it might be that we are now going backwards in time; even though time doesn't really exist; but then again nor do asset valuations.
ReplyDeleteAnd I might add the site requirement of proving one's non-robot (not necessarily meaning human capacity) to post a comment might be interpreted as a Cantos moment of transition or ones lack of reading glasses
dd,
ReplyDeleteWe're seeing a glimpse of the future!
Blogger's automated robot is fighting it out with other automated robots!
Got Skynet insurance?
It's tough to purchase. You have to go online and prove you're not a robot in order to have the insurance company's robot offer you a quote, lol. Sigh.