If report of block at 16.40+ correct steal at $15.+
Fool you promised not to come back.
J.C. Penney (JCP) fell 5.7% to $15.80 in heavy volume as CNBC, citing sources, reported that Deutsche Bank is offering a 10 million block of J.C. Penney shares at a price between $16.40 and $16.60.
CNBC reported Deutsche Bank is shopping the block of stock for Vornado Realty Trust (VNO), which owns 18.6 million shares.
they did not price dude. you wish. they will price much much lower.
Sentiment: Strong Sell
What a buy.