Friday, May 6, 2016

Quote of the Day

May 6, 2016
JCPenney Shares Burn On News Of Emergency Cuts, Shocked Workers

Department store retailers have been having a bad week.

Bad week? The department store retail trade data (from January of 1992 to March of 2016) has an interesting story to tell. Care to guess which seasonally adjusted month has the record low? Keep in mind that this data is not even adjusted for inflation.

That would be March of 2016, which broke February of 2016's record low, which broke January of 2016's record low. It's been quite the year so far for department store retailers.

I must now apologize for potentially misleading you. I didn't mean to imply that I've told you the quote of the day yet. No, sir. That was just the setup. Brace for it. Here it comes!

May 19, 2014
Cramer: Hold on for dear life, potential upside enormous

"Now it's "JC Penney's turn. The Street has only just begun to factor the turn into stock price. I think Penney has a ton of upside ahead. In fact, when a retail company demonstrates they're in the early stages of a turnaround, you'd better hold on to that stock for dear life and not let go, because the upside could be enormous," Cramer said.

Price Then: $9.36
Price Now: $8.16

Net Loss: 13%

Hold on for dear life? Oh, yeah. That's the quote of the day. Hope Cramer supplied the potholders! Feel the burn!

Forehead. Desk. Whack. Whack. Whack.


Mr. Slippery said...

Cramer is a Money Monster. They even made a movie about him.

Stagflationary Mark said...

George Clooney? What? Not Anthony Hopkins?