November 20, 2018

Target Corp. and JC Penny stock

Jack Kemp

Target Corporation stock is at $71 this morning. For a full year it was between $55 and $90. At the time of the "coed bathrooms" policy, it was at $85 and it was pretty high a short time ago but after November 5th, it has gone down from $85 to its present $71.

JC Penny, whose sophisticated "we know better than you peasants" management hired Ellen Degeneres as their spokesperson a few years ago, saw its stock drop from $40 to $10. NOW it is $1.19 a share.

One could make an argument that these losses iare retribution from G-d. Progressives would scoff at it, saying the drops in share price has been the result of bad management and the effects of Amazon.com. But other department stores like Kohl's are doing much better and I would think that bad management starts with scoffing one's "deplorable" customers' values.


2c from Dana Mathewson:

Ya THINK? It would seem to me that Penney's choice of DeGeneres was strange, to say the least. Now, Ellen is perhaps the least threatening of the "alternate lifestyles" people out there; she's actually pretty sweet, at least when I've seen her. She'd be welcome at any of our parties -- certainly as opposed to Rosie O'Donnell!

But how many of Penney's regular customers would necessarily know that, would have actually seen her on TV? I'll bet they only know OF her -- know of her as a lesbian and take a "dim view" of her because of that. Kind of like people who refuse to eat venison because they saw "Bambi" as a kid.

Penny's is becoming an "also ran" operation anyhow, because of stores like (who else) Walmart. Back in the day Martha would have gone there for bedding and such, but now she goes first to a discount place called Big Lots, where the quality is as good and the prices are much lower.

As far as Target, what can I say? They're never going to live the bathroom decision down.

Posted by: Timothy Birdnow at 09:36 AM | No Comments | Add Comment
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