BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[J.C. Penney (JCP) falls to 52-week low following Labor Department report]]>http://www.bloggingstocks.com/2007/10/18/j-c-penney-jcp-falls-to-52-week-low-following-labor-dept-rep/http://www.bloggingstocks.com/2007/10/18/j-c-penney-jcp-falls-to-52-week-low-following-labor-dept-rep/http://www.bloggingstocks.com/2007/10/18/j-c-penney-jcp-falls-to-52-week-low-following-labor-dept-rep/#commentsFiled under: , , , ,

JCP logoJ. C. Penney Inc. (NYSE: JCP) has been sliding today, setting a new 52-week low.

It's in good company. The entire retail sector is flailing after the Labor Department reported that applications for jobless benefits rose to 337,000 last week, the largest amount since early February, leading investors to fear that consumer spending could tighten even more as we head into the holiday season.

Also lending to the department store's woes, competitor Bon-Ton Stores Inc (NASDAQ: BONT) warned on Wednesday that the company would likely miss 2007 earnings estimates. If you think that these factors are enough to weigh down J. C. Penney's stock over the next few months, then now could be a good time to take a look at a bearish hedged trade on JCP.

Continue reading J.C. Penney (JCP) falls to 52-week low following Labor Department report

J.C. Penney (JCP) falls to 52-week low following Labor Department report originally appeared on BloggingStocks on Thu, 18 Oct 2007 16:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Bon-Ton StoresBONTBonTonStoresinthenewsInvestors ObserverInvestorsObserverJ C PenneyJC PenneyJCPJCPenneyoptionsThu, 18 Oct 2007 16:15:00 EST<![CDATA[Time to catch the falling knife in Bon-Ton Stores?]]>http://www.bloggingstocks.com/2007/07/19/time-to-catch-the-falling-knife-in-bon-ton-stores/http://www.bloggingstocks.com/2007/07/19/time-to-catch-the-falling-knife-in-bon-ton-stores/http://www.bloggingstocks.com/2007/07/19/time-to-catch-the-falling-knife-in-bon-ton-stores/#commentsFiled under: , ,

Trying to catch falling knives is a tough and dangerous game. The floor is falling every day in the stock and many times, investors allow their egos to prevent them from making the right decision. But even though that's the case, I sometimes still choose to make the move if I believe it's clear that fear has taken over in the emotions of investors and the stock is clearly undervalued. As the often-quoted Warren Buffett saying goes, "Be fearful when others are greedy and be greedy when others are fearful." Often the best types of investments are those made against the crowd, or contrarian.

One such stock is Bon-Ton Stores (NASDAQ: BONT). Plagued by lower outlooks and falling sales figures, the stock has been getting killed recently.

However, I think the stock is a very interesting buy at these levels for a couple reasons. It looks cheap, insiders are buying, and it has an interesting pool of owners, among other things.

Continue reading Time to catch the falling knife in Bon-Ton Stores?

Time to catch the falling knife in Bon-Ton Stores? originally appeared on BloggingStocks on Thu, 19 Jul 2007 07:19:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bon-Ton StoresBONTDeltec Asset ManagementFalling knifeSorosValue investmentThu, 19 Jul 2007 07:19:00 EST