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J. C. Penney Company, Inc. Message Board

  • bamm160 bamm160 Aug 12, 2013 8:05 AM Flag

    BK is imminent

    When Armageddon hits 8 days from now, the cash burn rate, SSS and Homestore failure will be exposed. This will show JCP will only be able to survive another 2 Qs at the most. The cash burn rate will be ALARMING. Nothing left to leverage to secure more financing. The bondholders will be screaming. Bill Ackman was privy to board meeting discussions and blabbed their dire position . HE IS PANICKING AND SO SHOULD THE LONGS. I've been short this stock since Nov. 2012 and will continue to ride this POS to the bottom. Between the hostility in the JCP board, shareholders, bondholders....they will NEVER find a quality CEO that will come into this environment. JCP is lucky to have Ullman. This is the situation. JCP is the gift that keeps on giving.

    Sentiment: Strong Sell

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