J.C. Penney (JCP) Stock Pressured, Again
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J. C. Penney (JCP) Cash Burn Tied to Former CEO, Thinks BTIG
August 6, 2013 10:40 AM EDTJ. C. Penney (NYSE: JCP) stock opened lower on Tuesday, continuing a 4-day drop. Investors continue to eye the company's bonds, as cash burn remains in focus.
Recently J. C. Penney stated it expects to close the quarter with approximately $1.5 billion in cash on its balance sheet. The news created concerns about... More
Buy J. C. Penney (JCP) Bonds, Short the Common - Imperial Capital
August 5, 2013 1:28 PM EDTShares of J. C. Penney (NYSE: JCP) continue to get rocked on worries about its liquidity following recent reports CIT halted credit to small vendors shipping to the company - although the company said those reports were "unture."
Commenting on the fluid situation, Imperial Capital Mary Ross-Gilbert is calling Q2 a "make-or-break" quarter although she sees... More
CIT Lifted Credit Restriction on J.C. Penney (JCP) on Wednesday Morning - NY Post
August 2, 2013 9:26 AM EDTCommercial lender CIT imposed a hold on J.C. Penney (NYSE: JCP) credit on Tuesday and left it in effect until early Wednesday, according to the latest reports in NY Post. The article follows comments by J.C. Penney yesterday claiming reports were... More
J. C. Penney (JCP) Turnaround Moving at Snail's Pace, Cash Burn Back in Focus
August 1, 2013 11:36 AM EDTJ. C. Penney (NYSE: JCP) stock declined Wednesday after a report in the NY Post said commercial lender CIT halted support of deliveries to its stores. On Thursday, J. C. Penney refuted the claims.
Commenting on the situation, analyst Paul Trussell of Deutsche Bank said, "JCP's statement should be a modest relief to investors this morning; however, uncertainty remains, as the... More
J. C. Penney (JCP) Credit Concerns Overblown, Says Burckingham
August 1, 2013 10:13 AM EDTBuckingham Research maintained a Buy on J. C. Penney (NYSE: JCP) with a price target of $23.00. Analyst David Glick thinks credit concerns are overblown and the company has more than enough liquid for a turnaround. With this in mind, he sees weakness as a buying... More
Atlantic Equities Upgrades J. C. Penney (JCP) to Overweight
August 1, 2013 9:26 AM EDTAtlantic Equities upgraded J. C. Penney (NYSE: JCP) from Neutral to Overweight.
For an analyst ratings summary and ratings history on J. C. Penney click here. For more ratings news on J. C. Penney click here.
Shares of J. C. Penney closed at $14.60 yesterday, with a 52 week range of $13.55-$32.55.... More
J. C. Penney (JCP) Says CIT Report Untrue
August 1, 2013 6:39 AM EDTJ. C. Penney Company, Inc. (NYSE: JCP) said that a news report which appeared yesterday is untrue and that it has been told so directly by CIT, the subject of that report. Contrary to the news report, CIT continues to factor and support deliveries from... More
J.C. Penney (JCP) weaker on report CIT cuts credit for shipments
July 31, 2013 3:24 PM EDTJ.C. Penney Co., Inc. (NYSE: JCP) weaker on report CIT cuts credit for shipments. Shares down 2.7%.... More
