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November 28, 2012
Share ThisHoliday sales are going to make the next quarterly report look really good ... and that usually gets followed by analyst upgrades.
In the mean time there are two scenarios that make JCP a speculative buy.
First, rumors of a potential leverage buyout candidate, should cause everyone to look at the fundamental valuation calculations like the 0.25 price/sales ratio and the 1.0 price/book ratio.
Second, the selling always gets overdone, usually helped along by the shorts always piling on, like vultures circling a kill ... but sometimes the kill is still moving ... and an almost forty percent (39.8%) percent short float as of October 31 ... is way overdone to the downside.
