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underdog0437

underdog0437
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  • Though it's been hotly debated in retail circles for quite a while, it looks like directors at J.C. Penney (JCP -9.5%) are finally considering a change at the top. If sales don't turn around, a push to sell the company or replace Ron Johnson could be in the offing, according to The Wall Street Journal[View news story]
    After a year, the company has less than 6 months of cash reserves, Lawsuit ( if lost) could cost Millions in destroyed Inventory, as you know JCPenney's can not sell, give it away, can do nothing but can only burn it.
    To start over without the Board and Johnson would require Chapter 11
    underdog
    Mar 6 03:20 AM | Likes Like |Link to Comment
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