I see huge crowds, maybe the most cars in a parking lot ever, I don't know, you look out the door and its nothing but cars, huge. Many people say that JC Penny is the best store, huge store, way bigger than Amazon. Have you seen an Amazon store when walking by yourself in the Mall? I haven't. You know why? Amazon is a fake store. That's right, fake store. Nobody buys anything there because its fake, all fake. Malls are wonderful places, I love Malls, everyone goes there and loves them, all our shopping is done at Malls, and I have to say I know a thing or two about Malls. Huge crowds, JC Penny is the best. No more questions.
J.C. Penney’s troubles are reflected in satellite images of its parking lots
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Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#22This is a real world application of the same IMINT principles used during the cold war (and currently in use), with large nation states that had the money to build and launch photo reconnaissance satellites. Now applied to privately acquired satellite imagery. Example: Soviet Union analysts looking at photos of parking lots at key US defense contractors (Boeing, Lockheed, etc) and correlating them with intelligence related to certain projects. And vice versa.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#23Earlier quoted context omitted.
> on average I think the goal of an index fund is to normalize results, so that you don't happen to be the guy who ends up significantly below average.
But that means you're not going to end up significantly above average either. Whether that makes sense really depends on your financial situation and tolerance for risk than any hard and fast rule.
But it seems that most people don't really beat the index funds so the expected returns are essentially the same as index funds. Without higher returns why would you take higher risk?
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#24I find this sort of data extraction interesting (I especially like the guys who try to validate trade numbers by counting containers in shipping ports as an example) but wonder about correlation here. JC Penny is in malls, malls are getting fewer and fewer customers, cars in mall parking lots are going down. JC Penny seems to be slowly dying because their online presence cannot compete with Amazon, so is this 'watch along with the satellites as fewer and fewer people go to brick and mortar stores' ?
That said, there are so many interesting things that having open spy satellites has made available to the non-spy.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#25I wonder what it costs to get these images, and if you could get them more cheaply by flying drones? I guess that would require a presence in a lot of places though. . . . Still, maybe you could focus on just a few cities, and get pictures more frequently than you'd get with satellites? Maybe there is an opportunity there.
By the time you've paid for a drone and someone to fly it in each city, you might as well just pay someone minimum wage to drive around photographing the lots from ground level. It'd probably work out cheaper.
That probably wouldn't work for image analysis however, since it would be hard to see all the cars in the lot from ground level.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#26J.C. Penny's troubles are Target[1]: we have sufficently fashionable clothing for -10% less. [1]any fast fashion retailer really.
The days of JC Penney, Sears, Kmart etc. are pretty much over. Walmart/Target have eaten their lunch. There isn't anything those three stores do particularly well that a different store doesn't do cheaper and better.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#27Earlier quoted context omitted.
But that means you're not going to end up significantly above average either. Whether that makes sense really depends on your financial situation and tolerance for risk than any hard and fast rule.
But it seems that most people don't really beat the index funds so the expected returns are essentially the same as index funds. Without higher returns why would you take higher risk?
Your returns are potentially higher. And lower.
Let's say I want to take an Alaskan cruise, but I don't quite have the money. If I get a higher return I'll have enough to go. If I get a lower return I won't go, and I'll still have enough money for rent. In my (admittedly contrived) scenario I'm willing to accept more risk as long as my returns are potentially higher.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#28This is a little off topic, but did anyone else see the absolutely huge ad in the middle of the article? It takes up 670px in a window that's only 960px tall. Is this a new trend in advertising?
I saw it too. I thought that it was part of the article, as an example of the lame advertising that mall stores use.
Looking again at the article, it's not there. So it was a real ad ;)
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#29I see huge crowds, maybe the most cars in a parking lot ever, I don't know, you look out the door and its nothing but cars, huge. Many people say that JC Penny is the best store, huge store, way bigger than Amazon. Have you seen an Amazon store when walking by yourself in the Mall? I haven't. You know why? Amazon is a fake store. That's right, fake store. Nobody buys anything there because its fake, all fake. Malls a…
Trolling, bro?
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#30Most big store parking lots tend to be legally mandated vast wastes of asphalt. New Urbanists celebrate Black Friday as "Parking Day": taking photos of nearly empty parking lots on supposedly the busiest shopping day of the year.