Hmmmmm - - - that's a toughie ------------------ if JCPenney doesn't file for reorg, they make a ton of interest on the "loan" - - - if they file for reorg, they make a ton of money in fees and underwriting/financing a REIT to leaseback the property to the new JCPenney - - - - annnnnnnnnnnnnnnnnnnndd it gives them enough leverage to call the shots, cause nobody happy if GS not happy - - - - - -
Questions for a question?...Why do you think State Street is holding 20 million JCP shares, or for that matter all these folks..http://finance.yahoo.com/q/mh?s=JCP+Major+Holders?
Not to mention a few other billionaires like Mark Cuban, holding a million shares?
Lets not forget all the JCP employees and management who hold 4.1% of all the outstanding shares?
When the earnings announcement is made on Wednesday, think of how many shares these folks could buy to dollar cost average down, and what a short squeeze it could cause.
Ask yourself this important question, why are these guys still here?