Marathon Asset Management Took Up Short Position in JCPenney (JCP) Debt Earlier in FY12 - Bloomberg

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Marathon Asset Management said to initiate a short position in JCPenney Co. (NYSE: JCP) debt earlier in 2012, according to Bloomberg headlines.

JCPenney shares are down over 3 percent on the session Monday following a downgrade and estimate cuts made by several firms earlier in the session.

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