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Bill Ackman's Stocks Doing Well Today (FO, JCP)
Wednesday, October 20, 2010 - 12:37pm | 110A couple of Pershing Square Capital's Bill Ackman stocks are performing well today. Ackman recently filed a 13D, which showed that the reputed activist investor had significant stakes in J.C. Penney Company, Inc. (NYSE: JCP) and Fortune Brands, Inc. (NYSE: FO). Both of these stocks are higher on...
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J.C. Penney Continues To Fall (JCP)
Tuesday, October 19, 2010 - 1:05pm | 117Shares of J.C. Penney Company, Inc. (NYSE: JCP) continue to fall, down more than 2%, one day after the company enacted a poison pill plan to prevent it from a takeover. Yesterday, the century-old retailer enacted a poison pill plan that says 10% is the limit an investor can own in the company....
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Diego Della Valle Raises Stake In Saks (SKS)
Tuesday, October 19, 2010 - 9:56am | 81Diego Della Valle has raised its stake in Saks Incorporated (NYSE: SKS) to 11.12%, as per a 13D filing with the SEC. From the filing: "During the period from October 12, 2010 and October 18, 2010, DDV acquired additional 2,900,000 Shares through a series of purchases from authorized brokers for...
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Retail Weak After Monster Gains
Monday, October 18, 2010 - 12:48pm | 141Many retail stocks are beginning to show signs of a pull back after some of the biggest up moves in recent history. J.C. Penney Company, Inc. (NYSE: JCP) is trading at $32.60, -1.27 (-3.75%). The stock over the last two months had a move that will live in the history books. On August 31st, 2010,...
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J.C. Penney Takes Poison (JCP)
Monday, October 18, 2010 - 10:18am | 136J.C. Penney Company, Inc. (NYSE: JCP) has adapted a poison-pill plan to fend off activist investor Bill Ackman and Vornado Realty Trust (NYSE: VNO), who are teaming up with a plan to generate more value from the historic retailer. The century-old retailer disclosed that its board approved a plan,...
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Dillard's September Sales Up - Analyst Blog
Monday, October 18, 2010 - 10:09am | 428U.S. departmental store chain Dillard's Inc. (DDS) experienced a 3% increase in its same store sales as well as net sales figures for the five weeks ended October 2, 2010. Sales in comparable stores decreased 6% in September, 2009. The company generated sales of $532.3 million for the month, up...
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JCPenney Adopts Stockholder Rights Plan
Monday, October 18, 2010 - 8:33am | 161J. C. Penney Company, Inc. (NYSE: JCP) announced today that its Board of Directors has adopted a Stockholder Protection Rights Agreement and declared a dividend of one right on each outstanding share of the Company's common stock. Each right entitles the holder to purchase a fraction of a share of...
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Dillard's September Sales Up - Analyst Blog
Monday, October 18, 2010 - 8:12am | 428U.S. departmental store chain Dillard's Inc. (DDS) experienced a 3% increase in its same store sales as well as net sales figures for the five weeks ended October 2, 2010. Sales in comparable stores decreased 6% in September, 2009. The company generated sales of $532.3 million for the month, up...
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Nordstrom Shows YoY Credit Improvement
Monday, October 18, 2010 - 8:10am | 122Citi announces that Nordstrom's (NYSE: JWN) September Master Trust data showed YOY improvement in all three key credit metrics: the monthly payment rate, total delinquencies, and charge-off's. However, on a sequential basis, JWN's monthly payment rate and charge-off's worsened from August. JWN...
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Dillard's September Sales Up - Analyst Blog
Monday, October 18, 2010 - 2:33am | 428U.S. departmental store chain Dillard's Inc. (DDS) experienced a 3% increase in its same store sales as well as net sales figures for the five weeks ended October 2, 2010. Sales in comparable stores decreased 6% in September, 2009. The company generated sales of $532.3 million for the month, up...
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Dillard's September Sales Up - Analyst Blog
Monday, October 18, 2010 - 2:33am | 428U.S. departmental store chain Dillard's Inc. (DDS) experienced a 3% increase in its same store sales as well as net sales figures for the five weeks ended October 2, 2010. Sales in comparable stores decreased 6% in September, 2009. The company generated sales of $532.3 million for the month, up...
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Dillard's September Sales Up - Analyst Blog
Monday, October 18, 2010 - 2:33am | 428U.S. departmental store chain Dillard's Inc. (DDS) experienced a 3% increase in its same store sales as well as net sales figures for the five weeks ended October 2, 2010. Sales in comparable stores decreased 6% in September, 2009. The company generated sales of $532.3 million for the month, up...
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Dillard's September Sales Up - Analyst Blog
Monday, October 18, 2010 - 2:33am | 428U.S. departmental store chain Dillard's Inc. (DDS) experienced a 3% increase in its same store sales as well as net sales figures for the five weeks ended October 2, 2010. Sales in comparable stores decreased 6% in September, 2009. The company generated sales of $532.3 million for the month, up...
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Zings Of The Day
Friday, October 15, 2010 - 9:05am | 133AOL (NYSE: AOL) and private equity firms are considering a bid for Yahoo (NASDAQ: YHOO), in order to consolidate costs, and increase synergies. This sounds like a good idea, but I'm pretty sure it's a joke. Or maybe a nightmare. I haven't figured out which one yet. J.C. Penney's (NYSE: JCP) has...
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Benzinga's Top Downgrades (NX, AMSC, LULU, JCP)
Friday, October 15, 2010 - 8:11am | 151Quanex Building Products Corporation (NYSE: NX) was downgraded by BB&T Capital from “buy” to “hold.” NX's shares closed at $18.12 yesterday. Quanex's quarterly earnings dipped 85.91% y/y. Deutsche Bank downgraded American Superconductor Corporation (NASDAQ: AMSC) from “buy” to “hold.” AMSC's...