That's your speculation, which I guess is as good as anybody's.
Penney's board has never gutted up to reality. That's the constant. Even when Johnson arrived, they should have shuttered several hundred stores.
Price to Sales .23c / Price to Book $.99c / Revenue per Share $56.78 - Short Interest around 20%. Yeah...I'd say it's cheap. That's why I don't trade from a Yahoo message board. LOL!!