$JCP My first buy since last May. Although this looks bad I think it's actually bringing us to a Q1 conclusion that JCP is being acquired. Sadly I sense a much lower price than ever hoped for, and I do think this is JCP going private, strangled to death by creditors who refused to acquiesce to JCP needs, and long in the planning by JCP BOD Chairman Tysoe who arranged the hiring of Jill Soltau with Leonard Green a private equity firm who owns Joann where Jill came from. This was an "insiders inside" secret from the day Sotau was hired, and I feel looking back a dishonest presentation by Soltau to shareholders over the many months and explains why she was quiet as her master was always Green and Tysoe, and no obligation felt by her to be honest to shareholders other than bare bones minimum, but she knew from day one, and that's business. We'll bet more than a buck, but I keep lowering, now might only be $1.75. Wild card remains, but JCP inside and outside, they played us.
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