Good Luck Shorts - This stock is so heavily shorted between 38 - 40 %. All of those worried about liquidity once profitability returns to operations there is no more worries for that. They can start buying back debt.
Is watching. I bet he is already buying up JCP stock. If you think about it. They don't need any capital now. After raising it. RDN raised capital the same way by issuing out more shares an then shot up over 100% in just a month or two. Also the holiday season is here and all those sales JC Penney have compared to everyone else. I think analyst have it wrong this time. This stock could soar especially when 3Q financials come out and they are wrong that sales increased cash burned decreased big time. The company may have even swung to profit. Q4 for the holiday season they are only hiring 35,000 workers Temps for there stores. If sales increase significantly all that means is cost is held down by them not hiring so many workers. If they didn't do it in the 3Q they definitely will do it in the 4Q.