Seeking Alpha Portfolio App for iPad
Dividends & Income
View as an RSS Feed
When push comes to shove it looks like it will be cash flow that forces J.C. Penney (
) to make dramatic shifts in strategy. The firm fell below its target of $1B in cash by the end of Q4 and had to
vendor payments just to make $930M. Analysts
pushing pencil to paper
can't figure out how more investments in the shops strategy won't leave the retailer at or below $300M by the end of Q1. The ideas for a turnaround are varied, but most don't include letting Ron Johnson-palooza continue.
View news story
crap, don't let yet another CEO run away with 56 million $ pay check. make the sucker stay on...though they should provide a form of humiliation with a demotion. will be interesting to see what happens. no one's accountable for anything.
Mar 1 07:18 AM
Link to Comment
The Opinion Leaders
Xignite quote data
© 2013 Seeking Alpha