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J. C. Penney Company, Inc. Message Board

  • retayl101 retayl101 May 8, 2013 1:28 PM Flag

    Great news - - - JCPenney ONLY burned thru a billion dollars in three months !!!!

    "the cash-strapped retailer had burned less than $1 billion in cash during the quarter. Many on Wall Street had feared it would use up more than $1 billion."

    Perhaps their idea of great guidance for next quarter is "We'll only burn 900 million" - - - - - whadya think Chase - - - - - how many $20 bills did you see in those cash registers - - - - a Billion ?????

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    • I know. I thought that was outrageously funny!

      Don't worry, we only blew through 1 billion in 3 months, we didn't go over $1 billion.

      I had thought blowing through a billion in 1 year was bad, what do i know?

      Maybe JCP will only loses 500 million next quarter or another 1.5 billion for rest of year.

      What is their credit limit?

      Least they are saving some Ritz carleton fees.

    • poor man ---cover and go long--or spend 10 billion buy JCP and burn it ---be happy -posting get you nothing --- I bought 1000000+++affy ----

      Sentiment: Strong Buy

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