Why is it Walmart, Target, Kohl's and Macy's are all doing well while JCP is having problems?
I guess you would have to put JCP in the same category as Sears. It appears the only way to save the longs would be a buyout.
Who would buy them at this point. Why not wait until they go BK and pick up the pieces.
Bought for the bounce yesterday, will be choppy but long term bond are saying it will not go bankrupt