Survey Shows Shoppers Would Return to J.C. Penney's (JCP) - Tilson

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J. C. Penney (JCP) $1.75B Loan Improves Liquidity; Large Drag on FCF

April 29, 2013 11:37 AM EDT

This morning J. C. Penney (NYSE: JCP) confirmed it secured a $1.75 billion term loan from Goldman. Piper Analyst Alex Fuhrman thinks the loan resolves liquidity concerns for at least 2-3 years. However, incremental interest is likely to be a large drag on... More

Imperial Capital Starts J. C. Penney (JCP) at Underperform; 'Dead Money'

April 29, 2013 9:55 AM EDT

Imperial Capital assigned an Underperform rating and $11 price target J. C. Penney (NYSE: JCP) common shares, HOLD ratings to the shorter-dated (2015-2018 and 2023 maturity dates) unsecured senior notes and debentures, and BUY ratings to the 5.65% senior notes due 2020 and the long-dated (2036-2097) unsecured senior... More

Ackman Finds a Few more 'Friends' in J.C. Penney (JCP)

April 29, 2013 8:16 AM EDT

Shares of J.C. Penney Co., Inc. (NYSE: JCP) are higher early Monday on reports from the New York Post that in addition to George Soro's hedge fund, at least two other major hedge funds have accumulated large stakes in the embattled... More

JCPenney (JCP) Affirms Entering $1.75B Loan Commitment with Goldman

April 29, 2013 8:07 AM EDT

JCPenney (NYSE: JCP) announced that it has entered into a commitment letter with Goldman Sachs Bank USA (NYSE: GS) under which Goldman Sachs has committed to provide the Company with a five-year $1.75 billion senior secured term loan facility.
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Soros Fund Management Shows New 7.91% Stake in JC Penney Company, Inc. (JCP)

April 25, 2013 4:10 PM EDT

In a 13G filing on JC Penney Company, Inc. (NYSE: JCP), hedge fund Soros Fund Management disclosed a 7.91%, or 17,386,361 share, stake in the company.

For more notable holders of JC Penney Company, Inc. stock click here. For more information on Soros Fund Management click here.... More