The Eckerd sale is definitely good news for Penney on two fronts. They've generated substantial amount of money from the sale. Secondly, Eckerd was a continuing diversion of management's time. That also is resolved somewhat,
More Quotes from Ulysses Yannas:
They're looking to cut their debt down to half. That's the long and the short of it.Ulysses Yannas
This news shouldn't come as a surprise. They deal with the lowest income customers, on average.
Ulysses Yannas
It gives you the time to negotiate without a gun on your head in a more orderly fashion. Maybe they'll sell the company, or maybe they'll continue operating. I am convinced it can be operated profitably.
Ulysses Yannas
People are going to start seeing that this company has become the leader in digital imaging, and that Kodak doesn't need the film anymore to succeed.
Ulysses Yannas
This is not good. It was a bad year, so they were . . . writing off everything they can.
Ulysses Yannas
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Based on Topics: Money & Wealth Quotes, Time QuotesBased on Keywords: eckerd, penney
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