real-time news and commentary for investors
Friday, Sep 6
J.C. Penney discussion as lively as ever
- Discussion over a J.C. Penney (JCP +0.2%) bankruptcy could pick up after the retailer makes its way through Q4 and big-name hedge fund investors have a clearer picture of JCP's cash burn, reports The Deal.
- Bankers say the wildcard in the mix are factors such as CIT that can pull financing or damage the company's ability to stock inventory.
- Even with bankruptcy getting bandied around, big-name JCP bulls continue to show up. The latest is Mark Cuban who tells CNBC he bought 1M shares of JCP just a few days ago.