Not going to happen. they are going to have to sell some of their property to pay the bills. It may keep them in business so they can lose more money but it isn't going to help the value. Wall street could run it up tomorrow but it would have nothing to do with fundamentals. It would just be a typical Bernie Madoff manipulation.
Sorry, ponder. Know that about which you comment. What do you think attracted Ackman and Vornado? JCP owns 41M sf retail space, 11M sf distribution space, and the 240 acres on which their Plano, TX headquarters is located. Selling and leasing back the real estate may be JCP's salvation.