The quick analyst take on J.C. Penney's (JCP) Q3 results (I, II) can be summed up in three...

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

The quick analyst take on J.C. Penney's (JCP) Q3 results (I, II) can be summed up in three words: Are you kidding? A shocking 37% drop in online sales in a sector where a double-digit Internet growth pace is the norm seems to be the result drawing the most contempt. After crunching the numbers, NBG's Brian Sozzi thinks if the results go on for much longer the company will have to either go private or raise money to survive. Look for a lively Q&A on the retailer's conference call scheduled for later this morning. (webcast)