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J. C. Penney Company, Inc. Message Board

  • shane225 shane225 May 17, 2014 2:49 PM Flag

    CASH BURN - net loss of $352 million, or $1.15 per share

    9 th straight quarter of major losses Dilution money is running out. Will have to do another
    or restructure BK and you can see the JCP stores with Seporia stores are the ones they want to
    keep open after the restructure . JCP is burning cash even faster then last year.

    The company reported a net loss of $352 million, or $1.15 per share, compared with a loss of $348 million, or $1.58 per share, a year earlier

    Sentiment: Strong Sell

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