Buy, buy, buy
This really is the bottom this time. $13, 2 weeks ago was fake bottom.
so what if CEo said no equity raise needed then dumped 84 million shares into market?
so what if JCp is worse investment now on a EV/sales basis than when RJ took over?
So what if ALL retailers are having trouble selling clothing?
So what if economy is slowing down and politicians are fighting and workers are furloughed?
So what if JCP appears to reached its debt limit and only has equity raises(dilution) as a future means to fund losses.
So what if Rjs stuff is being clearanced and margins are being hit?
So what if with the dilution, JCP hitting $24 would be like JCP hitting $33 pre 84 million share dilution.
So what if dilution and interest on debt will cause earnings to go down?
So what if most of the board responsible for this mess is still there?