So why aren't people buying up every share under $20???
I dont see how the stock stays down. I mean the PE is 6. The company makes huge amounts of money. The balance sheet is normal for retail, nothing that bad there.
And there is a takeover on the table! Are people really that dumb to think that people won't go to stores anymore. Sales are down only a few %. JCP sales are down 20% and the stock went up 8% today. And JCP has no earnings and is garbage.
This stock is rodney dangerfield. Only stock i know where their is a pretty legit takeover offer on the table, and the stock doesn't budge. What are people afraid of? Must be afraid of the stock symbol.