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J. C. Penney Company, Inc. Message Board

tngenchek 1 post  |  Last Activity: May 26, 2016 6:26 PM Member since: Sep 3, 2009
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  • tngenchek tngenchek May 26, 2016 6:26 PM Flag

    "JC Penney is a pre-bankrupt company"

    Now what would make you think that? Trying to pump up the top line by throwing anything and everything to the wall to see what sticks(selling low profit per square foot appliances but big dollars to top line revenue). Because they're burning the furniture to heat the house(lol), (selling their home office for cash to pay down the debt)(snicker) and not because their cash is at the lowest point of all time and they have their most inventory intensive needs season coming up. Of course they have that 2 billion in liquidity they can fall back on(borrow more money), which would offset any debt reduction now by selling assets. Pretty much a cluster #$%$.

JCP
9.15+0.06(+0.66%)Jul 22 4:01 PMEDT