If Walmart is starting to lose, how in the heck will JCP survive?
I'm just doing DD because everyone says this stock is going up and I'm not going to buy then have it drop to $7..been there done it. I just read that jcp is losing $320 million, I don't get it. I went out to store today and not that much traffic and its a saturday.
Alloro, you're right about debt being the pivotal factor for JCP. The end comes not when a company is losing money, but when it has less liquidity than required by its circumstances. That's why I can't understand the forecasts of doom for JCP. It had plenty of borrowing capacity, and now has plenty of liquidity considering that cash flows are virtually assured to be positive for the year.