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Additional sources are reporting that CIT Group will tag J.C. Penney (JCP) with a surcharge on...

Additional sources are reporting that CIT Group will tag J.C. Penney (JCP) with a surcharge on short-term lending due to the retailer's credit profile. The development comes just days after CFO Ken Hannah promised the company can self-fund its continued investment into Shops and with free cash flow drifting below the $1B mark.
Comments (5)
  • it is the beginning of the end,
    the next thing will be a clampdown by suppliers and terms
    give them 12 to 15 mos and they will be done

     

    If you are in Mr Ackman's fund most likely you will be wanting to give them call, before this one goes to zero.

     

    P
    15 Mar 2013, 09:29 AM Reply Like
  • How can any one say with a straight face that JCP is not heading toward the path of ruin?
    15 Mar 2013, 09:30 AM Reply Like
  • RJ does!
    15 Mar 2013, 10:58 AM Reply Like
  • True!
    15 Mar 2013, 01:48 PM Reply Like
  • Well, now RJ knows the feeling of walking into a bank with a 600 credit score and asking for a mortgage......glad he will be self funding! LOL
    15 Mar 2013, 08:18 PM Reply Like
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