So what's with the lack of posting? We moved to suburbia at summertime, and frankly writing a blog post while enjoying the beautiful park right out our front door is harder than it sounds.
So what did we miss? Nothing of terrible importance - although remember how I posted about jcpenney's new strategy and how cool I thought it was? Turns out no one else thought it was cool after they lost $30 million. The stock price tells the story (with a little help from me):
So here's my take: duh jcp is going to lose money. It is a dinosaur of a company (huge and old) and a change this size is going to cause some growing pains. Now I don't know if jcp will succeed or fail in the end, but my point is that it is far too early to tell. Let's give them longer than 3 months to turn things around. In fact, if I was a stock buying man I might buy some jcp right now.
And to a larger even more boring point, this is the danger of a publicly traded company. When the public owns your company, they demand immediate returns ALWAYS. It makes it difficult to invest in long term success when all you hear from shareholders is "we want money now!"
And to an even more large and more boring (and the final - I promise - expansion of this discussion), maybe that is what is wrong with our "government" and our economy. We, the people, demand immediate gratifcation. "Fix our debt" we scream, "but don't you dare take away our programs or tax us more," we scream louder.
That is all.
