JCP's market Cap. $2.2 billion / 1,100 stores = $2 million per store only.....at $7 JCP is a steel !!! Time to buy.
Yesterday I visited a few JCP stores in South Florida, the stores had average activity compared with the other Mall stores, it seemed ok activity. What caught my attention was that each massive store was valued at only $2 million bucks each, that is a gift.. I understand that JCP has mortgaged most of the real estate, but there is still value in the business and the brand, also $2 billion in cash.