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SELL JCP, MACYS, DILLARDS, KOHLS BONDS

August 14, 2017

NOTICE:  Before buying any bond or stock, check out Core Portfolio to see CURRENT positions.  

We bought JC Penney bonds before starting this blog and NEVER did place it in the Core Portfolio.  The Company continues to flounder.  We understand they are slinging mud at the wall trying to find new categories of merchandise that will sell in their stores.  Our bonds are priced almost exactly where we bought them….so we have been collecting dividends and we can now get out having a very nice return with the dividends.

If you own JCP (or Macy’s and the other chains that everyone is talking about) we suggest selling as a lot of financial wizards feel they will go under.  We do NOT necessarily agree but why risk it…….Amazon is taking over the market as people would much rather sit at their computers and buy on line:  who can blame them.

http://www.msn.com/en-us/money/markets/first-sears-will-die-then-maybe-jc-penney-then/ar-AApTsrg?li=AA4Zjn&ocid=spartanntp

Altho the market took a dive last week we are holding all Core Portfolio positions, except Penney. 

We mentioned MDLX for a potential buy around $24.00  It may STILL decline further heading down to 24 so watch and wait.

_____

We just had to laugh when we say this graphic:  Far left liberal Goog is in the news.

For those who have managed to avoid this storyline, James Damore, now a former Google employee, caused outrage when he circulated a manifesto on Friday, complaining about Google’s “ideological echo chamber,” alleging women have lower tolerance for stress and that conservatives are more conscientious. By Monday, the chess master, who studied at Harvard, Princeton and MIT and worked at Google’s Mountain View HQ, was fired after the search giant’s chief executive, Sundar Pichai, said portions of Damore’s 10-page memo “violate our code of conduct and cross the line by advancing harmful gender stereotypes” despite saying in the same memo that Google employees shouldn’t be afraid of speaking their minds.

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