Some people on patnet wanted to pay me 4% commission to help them buy properties at the courthouse steps. Some met me personally and wanted to JV with me on flips. One on here is currently investing with me. I have referred clients to iwog for his attorney service. I have offered plenty of real estate and mortgage advice offline to other patnet users. You can call me any name you want, but patnet users are smarter than that, and they can figure out who the loser is.
well... that would be the our new economy in a nutshell...
SFAce is notorious for giving real bad investment advice.
SFace gives a lot of sound advice on here. Like anything in life, there are some hiccups along the way. It proves that he's human and is subject to bad decision making sometimes.
You sir, time and time again, have been telling people on here not to buy houses at the bottom of the housing market. You have caused potential buyers millions of dollars combined with your unsound advice. Why haven't you apologized Patnet potential buyers for your unsound advice? Before you criticize other people, take a look at yourself in the mirror first.
NEW YORK (Reuters) - Soros Fund Management, one of the hedge fund industry's most closely watched investors, exited J.C. Penney and trimmed its stake in Herbalife late last year, marking a notable shift in course only months after buying into the companies.
The New York-based firm, which ranked as J.C. Penney's second biggest investor, sold 19.98 million shares during the last three months of 2013, according to a regulatory filing on Friday. It also cut its stake in Herbalife, where it was the fifth biggest investor.
J.C. Penney and Herbalife spent most of last year in the spotlight, with the retailer's stock price losing half its value as an ambitious overhaul fizzled and the nutrition and weight loss company surging 139 percent in the wake of a dramatic faceoff between some of the world's biggest investors.
So when Soros bought 17.4 million J.C. Penney shares in April, not long after Ron Johnson was ousted as chief executive officer, investors cheered and pushed the share price up.
But as the company's once-ambitious turnaround plans lost steam and a former CEO returned to the helm, its biggest investor, William Ackman's Pershing Square Capital Management, abruptly exited in August. The share price kept tumbling and has lost 68 percent in the last 12 months.
While Soros was a steady J.C. Penney supporter through the end of the third quarter, the firm evidently changed its mind in the last months of 2013.
It had company in the form of other prominent managers who also exited. Richard Perry, whose Perry Corp owned 10 million shares, sold out, and Kyle Bass's Hayman Capital liquidated its 5.6 million shares. David Tepper's Appaloosa Management sold all of its 737,800 shares.
SG&A are fixed, It works both way, if you can improve gross margins with the same fixed costs, the cash flow turns around easilly. That's why momentum is huge and we have seen negative momentum. Q2 is likley YOY decline, but Q3 and Q4 their big season will comp positive.
Citigroup raised J.C. Penney to Buy from Neutral, and the price target was raised to $11 from $7.50 in the call. That puts the implied upside at 30% from the $8.42 prior closing price.
Keep in mind that the upgrade may not be the only positive call out there. Standard & Poor’s just raised the corporate credit rating recently. Wells Fargo also recently raised its rating to Market Perform from a prior Underperform rating. Still, Sterne Agee maintained its Neutral rating but said that it could not even get to a $3 valuation, based on fears of a capital raise.
J.C. Penney shares were up almost 8% at $9.09 in active trading Tuesday morning. This is close to double from the 52-week low of $4.90, yet it is still down more than half from the $19.63 high over the past year.
10K each in the above 4 would have yielded about 36% positive return in aggregate for peiods May 21 - Sep 6th 2013. Index was around 15-18% when S&P was around 1,650 in the summer. JCP was obviously a bad call. Apple was not a good call. learn from mistakes.
No one has a 100% record, if you are, either you are god or you never made a mistake in your life or even tried.
2014 is a tougher year, any thoughts for considertion?
I am looking at Potash, Transocean, Yahoo, Sodastream, Newmont, and the homebuilder sector. Heck, citigroup looks like a great buy and stash. Fannie Mae was one I let slipped away, damnit.
Maybe not employment wise, but stock-wise for sure. Best stocks to invest in for early retirement are small-cap biotechs - if you can handle the risk. Parse the phase 1 and preclinical data and partnership affinity and if you like it jump into phase 2 and 3 trials (Phase 2 have the best risk-reward ratio while phase 3 return most bang for the buck but also fail most often). If you have a medical/microbiology and statistical understanding it's awesome. And you can help small biotechs on their way to develop novel treatments :)
Maybe not employment wise, but stock-wise for sure. Best stocks to invest in for early retirement are small-cap biotechs - if you can handle the risk. Parse the phase 1 and preclinical data and partnership affinity and if you like it jump into phase 2 and 3 trials (Phase 2 have the best risk-reward ratio while phase 3 return most ank for the buck but also fail most often). If you have a medical/microbiology and statistical understanding it's awesome. And you can help small biotechs on their way to develop novel treatments :)