J.C. Penney discussion as lively as ever

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

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.