"Has J.C. Penney (JCP) bottomed? How many times have I heard that one? It has to
be the most asked question now that we are seeing some of the highest quality
hedge funds in the situation, including Perry Capital (run by my old friend Rich
Perry) as well as Glenview Capital and Kyle Bass. Suffice it to say that I don't
think there could be many investors as wise as these people. They aren't
approaching the situation idly and I think they are going to be right.
To me, that's a lot of ways to get the stock to $18.... Can this stock go up $5
on a new CEO and a better holiday season? Yes. And that's why it is worth
joining these great hedge funds. Not because they are in it. But because the time and the price
are right. You don't need to know anything else for the
moment."
- Jim Cramer, September 5, 2013
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment