Is Loss Making JC Penney Finally Turning it Around?

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  • 10 Nov '17 at 7:09 pm #13407
    TradersCom
    Keymaster

    [article]385[/article]

    10 Nov '17 at 10:53 pm #13408
    ThePitBoss
    Participant

    Its a big ask – they need to stop losses and build on that niche (whatever it maybe)

    10 Nov '17 at 10:57 pm #13410
    Assistanc3
    Participant

    JC Penney bonds yielding 13% (forget the dates)
    but other bonds yielding 7%

    they will have to continue to borrow money just to pay-down interest on debt

    10 Nov '17 at 11:12 pm #13412
    ThePitBoss
    Participant

    [quote=”Assistanc3″ post=3168]JC Penney bonds yielding 13% (forget the dates)
    but other bonds yielding 7%

    they will have to continue to borrow money just to pay-down interest on debt[/quote]

    If they don’t go bankrupt that’s your play though you got that today if you bought yesterday :

    11 Nov '17 at 1:33 am #13416
    TradersCom
    Keymaster

    JC Penney Co Inc NYSE: JCP · November 10 Close 3.17 ▲ 0.42 (15.27%)

    12 Nov '17 at 10:22 pm #13431
    MoneyNeverSleeps
    Participant

    A cheap place to pick up clothes on sale not ready for a cheap place to pick up stocks just yet.

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