"That said, the treasure chest is far from infinite with management speaking to potential restructuring in 1H14 (if needed and not in the planning process today) to include the closing of cash flow negative stores (while four-wall profitable today) as an option…" (This is the most stupid thing JCP has said to date) RUN!
small guy is now left holding the bag all the way down to BK.
You are correct Sir. They lost Market Share and they cannot get it back, their base of Retired People are dropping dead everyday.
Big money is running for the exits, this is a real dump. look at the volume chart!
Get another Suckers loan ready Golden Craps, why not, too busy shorting JCP?
Wait for $2.00
It will get bloody
Bad sales and more debt, where is the bottom? $2.00?
Everyday poor sales puts another nail in the coffin.
Someone needs to be in charge at JCP, more spending is not the answer, wonder if they have ever heard of "cost containment"?
This is just the tip of the ice burg, they are all trying to dump without crashing the pps but the last one out will get under $5.00, when the agreement falls apart you will witness wholesale dumping and it will get BLOODY!
The party is over, now time to pay the bills, time to borrow more money?
Free fall, CDS going up! Too much risky debt!