An independent appraisal on the value of J.C. Penney (JCP +2.7%) stores and corporate buildings...

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

An independent appraisal on the value of J.C. Penney (JCP +2.7%) stores and corporate buildings came in at $4.06B, according to a SEC filing (8-K). The mark appears to be well below what Morgan Stanley tabulated the assets to be worth just last week.