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J.C. Penney Plunge Marks Greatest Single-Day Loss In 40 Years
Forbes ^ | May 16, 2012

Posted on 05/16/2012 1:53:19 PM PDT by Bill Buckner

Call it J.C Penney’s private flash crash.

The stock today plunged 19.7% to close at $26.57. That’s even worse than Black Monday 1987. On that day, the stock lost a hair less, 19.2%.

It’s unclear if this is the stock’s worst day ever. (Perhaps it suffered an even worse day during the 1930s.) However, it is clear that this is the worst single-day performance in the past 40 years. That’s as far back as our FactSet data goes.*

(Excerpt) Read more at forbes.com ...


TOPICS: Extended News; Miscellaneous; News/Current Events
KEYWORDS: ellendegeneres; gaycpenney; homosexualagenda; jcp; jcpenney; lesbofail; penneys; tunafish; waronrush
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Must suck to be Ellen, or something like that ...
1 posted on 05/16/2012 1:53:20 PM PDT by Bill Buckner
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To: Bill Buckner

Yeah, and their Summer catalog features Lesbian partners with their kids too.

I just cancelled my JCPenney’s Gold card last week...


2 posted on 05/16/2012 1:54:57 PM PDT by SilvieWaldorfMD
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To: Bill Buckner

Families must be getting the new catalog in the mail that features same-sex couples...


3 posted on 05/16/2012 1:55:25 PM PDT by bcsco
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To: Bill Buckner

Screw these sodomy-pushers. I’ll never shop there again.

Let’s see if they can make it on “alternative-lifestyle” business.


4 posted on 05/16/2012 1:57:18 PM PDT by PetroniusMaximus
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To: bcsco

Live by perversions, die by perversions.


5 posted on 05/16/2012 1:58:31 PM PDT by dagogo redux (A whiff of primitive spirits in the air, harbingers of an impending descent into the feral.)
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To: Bill Buckner

Let them become known as the store for sodomites.


6 posted on 05/16/2012 1:59:49 PM PDT by Dogbert41 ("...The people of Jerusalem are strong, because the Lord Almighty is their God" Zech. 12:5)
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To: Bill Buckner

What is it about these Harvard MBAs?

They need to go through de-programming or something before actually running a company.


7 posted on 05/16/2012 2:03:13 PM PDT by nascarnation
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To: Bill Buckner
Just because faygutry is forced upon the public by government and special interest, doesn't mean that the public has to like it.
8 posted on 05/16/2012 2:03:47 PM PDT by EGPWS (Trust in God, question everyone else)
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To: PetroniusMaximus
Screw these sodomy-pushers.

Is that a play on words? ; )

9 posted on 05/16/2012 2:05:19 PM PDT by EGPWS (Trust in God, question everyone else)
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To: bcsco
Obama to the rescue!!! How many millions do you folks need? Not to worry.
10 posted on 05/16/2012 2:08:46 PM PDT by fish hawk (Religion: Man's attempt to gain salvation or the approbation of God by his own works)
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To: Bill Buckner

1800-322-1189

Just talked to a customer service operator about how my family will no longer be shopping at JC Penny due to the 2 homosexual moms featured in the catalog. I said that it must be more than me that is upset as their stock is diving.

Woman was very nice and said “We’re in the same boat, I agree with you”.


11 posted on 05/16/2012 2:08:57 PM PDT by icwhatudo (This is not a choice between Romney&Reagan-Its between Romney & most radical leftist Pres in history)
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To: dagogo redux

They made it publicly known they were marketing to sodomites. I’ll never shop there again, neither will my wife. She says their merchandise has gotten terrible. I haven’t been in one in over a year so that was news to me...


12 posted on 05/16/2012 2:09:44 PM PDT by bcsco
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To: Bill Buckner

Business is limp? Stock price deflated? Should JCP pack it in?


13 posted on 05/16/2012 2:12:04 PM PDT by moovova (OBAMA: The first US President to come out of the closet.)
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To: Bill Buckner

Old Mr. JC Penney must be turning over in his grave. Whoever is running the company now and made all of these changes has ruined it — both with the in-your-face homosexual crap and the “there will be no more sales, just low prices” crap. I get their new “catalogs” in the mail about once a month, and they are a waste of paper. What they are advertising, I would never buy, as it is all for the under 30 crowd. Too bad — another American institution down the dumper.


14 posted on 05/16/2012 2:13:47 PM PDT by Polyxene (Out of the depths I have cried to Thee, O Lord; Lord, hear my voice.)
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To: icwhatudo

Penny’s problem has little to do with lesbians in the catalog.
They hired a new Harvard MBA honcho from Apple expecting miracles.

He went from selling iconic items to selling commodity items.

http://www.forbes.com/sites/abrambrown/2012/05/16/j-c-penney-plummets-17-in-worst-day-since-1987s-black-monday/


15 posted on 05/16/2012 2:14:17 PM PDT by nascarnation
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To: Bill Buckner

Up until just recently, I bought almost all my clothes from JCP. Nice selection of good quality men’s clothes in tall sizes for very reasonable prices.

The pro-homosexual ads are keeping me away until they dump the CEO and reestablish a family friendly attitude.


16 posted on 05/16/2012 2:15:25 PM PDT by SeaHawkFan
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To: moovova
I just found this (snicker):

Jan 24, 2012: Jim Cramer Tells Viewers to Buy Merck, J.C. Penney

17 posted on 05/16/2012 2:15:32 PM PDT by Bill Buckner
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To: Bill Buckner; All

Awesome. Now, does the boycott or outrage over the pro-sodomy position that decent people have expressed have anything to do with the financial loss JCP is experiencing? Or is this just sweet schaedenfreude?


18 posted on 05/16/2012 2:16:56 PM PDT by SoFloFreeper
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To: Bill Buckner

They should merge with KMart/SEARS


19 posted on 05/16/2012 2:17:06 PM PDT by Sawdring
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To: Bill Buckner

I remember black monday L.A. still had the Herald Examiner and it was the story above the fold imagine that


20 posted on 05/16/2012 2:18:54 PM PDT by al baby (Hi Mom)
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To: nascarnation
Penny’s problem has little to do with lesbians in the catalog.

Yeah right ... millions of consumers across America have stopped shopping there; voters have throw out many incumbent milk toast Republicans the last two elections; wake up and smell the coffee ... people aren't going to take this crap any more ...

21 posted on 05/16/2012 2:19:37 PM PDT by Bill Buckner
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To: Bill Buckner

embracing the gay agenda and telling the world your customers are looking for “social values” is bound to hurt the company, by the way whats the discount on those values now?


22 posted on 05/16/2012 2:21:42 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Bill Buckner

Millions of consumers did stop shopping there - because they eliminated their discounts.

The catalog just came out this month (May).

Penney’s problems started when they hired Ron Johnson.


23 posted on 05/16/2012 2:25:07 PM PDT by nascarnation
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To: Polyxene
I get their new “catalogs” in the mail about once a month, and they are a waste of paper. What they are advertising, I would never buy, as it is all for the under 30 crowd. Too bad — another American institution down the dumper.

I get the catalogs too. I used to order a lot from them, as they carry clothes for tall men. The clothes I'm wearing at work now are from JCP. However, the catalogs are pathetic. Instead of showing a normal looking guy what their clothes look like, the show nothing but gay-looking unshaven metrosexuals who dress nothing like a regular guy. Those catalogs cannot be helping them to sell clothes.

24 posted on 05/16/2012 2:26:26 PM PDT by Sans-Culotte ( Pray for Obama- Psalm 109:8)
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To: Bill Buckner

And wasn’t JCPenney one of the “sponsors” who proclaimed they were going to remove their advertising from Rush’s show (it was hard to keep track of the ones who were really leaving vis-a-vis the ones who made the statement to get some publicity).

Who did those clowns think shopped at their stores?


25 posted on 05/16/2012 2:26:47 PM PDT by Right Cal Gal (Ronald Reagan: "our liberal friends....know so much that isn't so...")
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To: Bill Buckner

JC Penney - Every Gay Matters


26 posted on 05/16/2012 2:28:08 PM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: Polyxene

They picked the guy that was running the Apple Stores. You believe that?

They pick a guy from a customer intimate company to run a value play.

He had crappy, bulky, but very hip products for which people were willing to pay unbelievable premiums. They pick him to run a store getting squeezed by the Targets and the WalMarts.

He hires what had to be Target’s image firm and the FIRST thing they do is go political. It’s something EVEN TARGET hasn’t done yet. “We used circles with Target, let’s switch to rectangles with JCP!”

I’m telling you, there is a silent majority in this country that is sick to death of the bullying they are getting from the hands of the sodomites and tribadists.


27 posted on 05/16/2012 2:28:56 PM PDT by RinaseaofDs (Does beheading qualify as 'breaking my back', in the Jeffersonian sense of the expression?)
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To: nascarnation

“Penny’s problem has little to do with lesbians in the catalog.”

Well, their revenues have taken a dive at least to the extent that my wife and I might have shopped there.

We also don’t watch channels anymore that have started running openly Gay ads recently, nor ones with Gay agenda programming. They may want to be “in my face” but I still have some say in the matter.


28 posted on 05/16/2012 2:30:07 PM PDT by dagogo redux (A whiff of primitive spirits in the air, harbingers of an impending descent into the feral.)
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To: Bill Buckner

JC Penny has the same problem as the federal government -

They have both forgotten their prime mission and the reason for their existence.


29 posted on 05/16/2012 2:32:57 PM PDT by Iron Munro (If you want total security, go to prison. The only thing lacking is freedom - Dwight D. Eisenhower)
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To: dagogo redux

The lesbian problem is just getting underway, that catalog is for May.

The financial problems began when Ron Johnson became CEO (thought he was a genius because he used to sell Apple stuff).


30 posted on 05/16/2012 2:33:02 PM PDT by nascarnation
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To: Bill Buckner
Jan 24, 2012: Jim Cramer Tells Viewers to Buy Merck, J.C. Penney

When was the last time Cramer picked a stock correctly? You could probably do pretty well just betting against him.

31 posted on 05/16/2012 2:36:13 PM PDT by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: nascarnation
He went from selling iconic items to selling commodity items.

Hey, that was Carley Fiorina's big plan for Hewlett-Packard! Worked out just as one might have expected for them too.

32 posted on 05/16/2012 2:37:25 PM PDT by Steely Tom (If the Constitution can be a living document, I guess a corporation can be a person.)
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To: SeaHawkFan
I bought almost all my clothes from JCP.

Same here. Their clothes are good quality at good prices.

I have decided to shop elsewhere.

For the life of me I can't understand these stores catering to such a small minority, esp when they must know it's a slap in the face on the vast majority.

If they want to trade traditional folks for the gay/lesbian crowd, good luck!

33 posted on 05/16/2012 2:38:13 PM PDT by Vinnie (A)
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To: RinaseaofDs

Nice analysis.


34 posted on 05/16/2012 2:38:31 PM PDT by EyeGuy (Armed, judgmental, fiscally responsible heterosexual.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Bill Buckner.


35 posted on 05/16/2012 2:39:27 PM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: Bill Buckner

In any event, I can imagine investing in brick and mortar retail like JCP. Walmart might still do pretty well but most of the others stink.


36 posted on 05/16/2012 2:39:42 PM PDT by muir_redwoods (I like Obamacare because Granny signed the will and I need the cash)
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To: Bill Buckner
Photobucket
37 posted on 05/16/2012 2:39:58 PM PDT by baddog 219
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To: Bill Buckner

Limo-liberal elitists don’t care if their customers are insulted by their slimey top down cultural and political directives or not. Reminds me of the newspaper business. Cover over here so we can stick our stinky fingers in your eyes!


38 posted on 05/16/2012 2:48:31 PM PDT by SaraJohnson
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To: Right Cal Gal
And wasn’t JCPenney one of the “sponsors” who proclaimed they were going to remove their advertising from Rush’s show

Yep.

J.C. Penney: "It has come to our attention that a handful of local radio stations may have played jcpenney radio spots adjacent to or during The Rush Limbaugh Show. To be clear, jcpenney is not a national advertiser of this show. We have a strict “No Run” policy in place specifically regarding The Rush Limbaugh Show. After jcpenney confirms the facts, we will contact any local radio station that is in violation of our radio advertising parameters to ensure that our 'No Run' policy is adhered to regarding this program," posted on Facebook March 6.
39 posted on 05/16/2012 2:50:25 PM PDT by PA Engineer (Time to beat the swords of government tyranny into the plowshares of freedom.)
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To: Bill Buckner

Maybe shoppers are sick of the homosexual agenda being forced on them.


40 posted on 05/16/2012 2:52:20 PM PDT by ilovesarah2012
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To: Polyxene

What you said! They are aiming for a younger market...which lets me out. They’ve dropped the catalog sales, and I used to spend a bundle on their furniture, linens, and home items each quarter when their special catalog came out quarterly for those spending in excess of $300 in the prior quarter...not a nickel since the changes were in force. Went there just this last weekend to their home store and not only didn’t find a thing I wanted, and, of course nothing on sale, but there were only two other customers in the store. What a shame...they will be the next to close.


41 posted on 05/16/2012 3:00:23 PM PDT by kiltie65 (ui)
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To: Bill Buckner

The conservatives have spoken.

Lesbian moms in the JC Penney catalog are not acceptable.

Now we wait to see if the JCP Board of Directors is listening and fires the Chairman


42 posted on 05/16/2012 3:02:19 PM PDT by Presbyterian Reporter
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To: Bill Buckner

Here is my message to JCP:

“Sadly, I will no longer be shopping at your stores since it is clear that JCP is more interested in catering to homosexuals than portraying traditional family values. Look forward to shopping your going out of business sales unless there is a change in attitude at the top of JCP.”


43 posted on 05/16/2012 3:06:15 PM PDT by SeaHawkFan
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To: Bill Buckner

Here is the JCP contact link:

http://www.jcpenneyoptical.com/contactus.aspx


44 posted on 05/16/2012 3:07:59 PM PDT by SeaHawkFan
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To: Bill Buckner

Johnson could get away with some of these stunts at Apple because of the product. We’d have to sick it up if we wanted a Mac or whatever.

There’s no shortage of stores selling stuff similar to JCP’s tho, so we don’t have to just deal with it. Johnson’s really screwed up.


45 posted on 05/16/2012 3:10:42 PM PDT by Nickname
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To: Bill Buckner
Could this be part of the problem??? We still can vote with our purses.
46 posted on 05/16/2012 3:12:11 PM PDT by Reagan69 (I supported Sarah Palin and all I got was a lousy DVD !)
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To: PetroniusMaximus

“Screw these sodomy-pushers. I’ll never shop there again.”

Dung punching is no longer a closeted pastime...bye bye Penney’s...


47 posted on 05/16/2012 3:12:14 PM PDT by GGpaX4DumpedTea
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To: Steely Tom

Yeah, as a 30 year veteran I totally agree. Sell Test & Measurement. Let Compaq take you over with your money. Ditch your RISC customer base. Someone once said HD is a clothing and accessory company with a motorcycle sideline. HP is an inkjet company with a computer sideline. They were at $47 when they made me an offer I couldn’t refuse. They let the wrong guy go. LOL.


48 posted on 05/16/2012 3:14:42 PM PDT by printhead (Standard & Poor - Poor is the new standard.)
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To: Bill Buckner
pandering to the filthy 1% isn't always a safe bet...
49 posted on 05/16/2012 3:29:26 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: printhead
Bill and Dave's imaginations were powered by visions of a science-fiction future they brought with them from their childhoods. Carly Fiorina's imaginations went as far as what she could see in front of her as she sat at her desk in her office.
They hired me to run the Big Kahuna! H-P! Got me out from under the problems at Lucent just in time too... ugh, that's not going to be pretty.

So! What do I do next? H-P... let's see. Wall Street Journal says they make electronics. Oscilloscopes, voltmeters, all kind of geek nonsense. Some dweeb tried to explain to me what a "spectrum analyzer" was for but good... grief! The guy actually had a pocket protector! And a "rubidium frequency standard"... WTF? Who gives a crap?

Look. Personal Computers. Printers. These are things I understand. These are things I use. OK, yeah, it's a "mature market." So what? Hewlett Packard's a "mature company," right? Wall Street's jumping back-flips over me. They'll float me a few bil... I'll just buy the biggest name in the P-C world! Well, OK, the second-biggest name. Third? Fourth, whatever. I'll buy 'em, and we'll crank 'em out like nobody's business.

Lot easier for me to sell those than to sell that science-lab BS.


50 posted on 05/16/2012 3:31:50 PM PDT by Steely Tom (If the Constitution can be a living document, I guess a corporation can be a person.)
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