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J. C. Penney Company, Inc. Message Board

  • misskellyfitz misskellyfitz Oct 26, 2013 2:08 AM Flag

    JC Penney Companies DIRECT Response to Imperial Capital’s Mary Ross-Gilbert in : " Conversations With J.C. Penney at Seeking Alpha "

    Imperial Capital Mary Ross-Gilbert ~ Even if the reports are inaccurate or misleading, they are wearing down management and vendors, said Ross-Gilbert. And that could force J.C. Penney into bankruptcy next year.

    Conversations With J.C. Penney (Thu, Oct 24)

    They have never seen anything like it in its depth and sophistication - coordinated tweets, blogs and sell side downgrades based on " rumors ".

    The $1 target was based on an analyst who called people at the company who that person knew wouldn't return calls in real time so they could say that the Company was unresponsive. The Company will continue to fight disinformation so that investors can make informed decisions.

    " the company is speaking with investors is significant in and of itself. If it was huddled with bankruptcy lawyers, no outbound communication would be going on - period. "

    Despite all the rumor mongering, the $2b liquidity plus the revolver availability of about $500mm extra give them the luxury of time.

    The Rumors were put to rest by the Sources JCP and thier Creditor Export Canada,further more Export Canada lengthen the maturity on an existing credit facility

    ~ Export Canada Spokesperson Says Credit to JC Penney Suppliers has Not Been Cut
    ~ J.C. Penney says credit speculation 'unequivocally false,' Bloomberg reports

    NEW YORK (CNNMoney) J.C. Penney recently disclosed in a regulatory filing this week that it had reached an agreement with lenders to lengthen the maturity on an existing credit facility.

    *****

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    • Conversations With J.C. Penney (Thu, Oct 24)

      They have never seen anything like it in its depth and sophistication - coordinated tweets, blogs and sell side downgrades based on " rumors ".

      The $1 target was based on an analyst who called people at the company who that person knew wouldn't return calls in real time so they could say that the Company was unresponsive. The Company will continue to fight disinformation so that investors can make informed decisions.

      " the company is speaking with investors is significant in and of itself. If it was huddled with bankruptcy lawyers, no outbound communication would be going on - period. "

      Despite all the rumor mongering, the $2b liquidity plus the revolver availability of about $500mm extra give them the luxury of time.

      The Rumors were put to rest by the Sources JCP and thier Creditor Export Canada,further more Export Canada lengthen the maturity on an existing credit facility

      ~ Export Canada Spokesperson Says Credit to JC Penney Suppliers has Not Been Cut
      ~ J.C. Penney says credit speculation 'unequivocally false,' Bloomberg reports

      NEW YORK (CNNMoney) J.C. Penney recently disclosed in a regulatory filing this week that it had reached an agreement with lenders to lengthen the maturity on an existing credit facility.

      *****

    • You used to post Mary Ross-gilbert "Not worried about JCp bonds" just about every day.

      Why so angry now that she gave JCP stock $1 price target?

      Who gets paid first? Bond holders or stock?

      Citigroup gave JCP a $1 liquidation value in late sept if I recall correctly and it was based on their numbers, not rumors.

    • Imperial Capital Mary Ross-Gilbert ~ Even if the reports are inaccurate or misleading, they are wearing down management and vendors, said Ross-Gilbert. And that could force J.C. Penney into bankruptcy next year.

      Conversations With J.C. Penney (Thu, Oct 24)

      They have never seen anything like it in its depth and sophistication - coordinated tweets, blogs and sell side downgrades based on " rumors ".

      The $1 target was based on an analyst who called people at the company who that person knew wouldn't return calls in real time so they could say that the Company was unresponsive. The Company will continue to fight disinformation so that investors can make informed decisions.

      " the company is speaking with investors is significant in and of itself. If it was huddled with bankruptcy lawyers, no outbound communication would be going on - period. "

      Despite all the rumor mongering, the $2b liquidity plus the revolver availability of about $500mm extra give them the luxury of time.

      The Rumors were put to rest by the Sources JCP and thier Creditor Export Canada,further more Export Canada lengthen the maturity on an existing credit facility

      ~ Export Canada Spokesperson Says Credit to JC Penney Suppliers has Not Been Cut
      ~ J.C. Penney says credit speculation 'unequivocally false,' Bloomberg reports

      NEW YORK (CNNMoney) J.C. Penney recently disclosed in a regulatory filing this week that it had reached an agreement with lenders to lengthen the maturity on an existing credit facility.

      *****

 
JCP
7.59-0.14(-1.81%)Oct 24 4:01 PMEDT

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