The market is way ahead of itself in pricing in a successful J.C. Penney (JCP) restructuring,...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

The market is way ahead of itself in pricing in a successful J.C. Penney (JCP) restructuring, according to Margaret Bogenrief. She argues that with most of the retailer's assets pledged and the financial engineering running out of new tricks, things could easily get worse before they get better. JCP +0.3% premarket.