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>> JCPENNEY Latest News

OCT 21, 2013 - Zero Hedge

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JCPuking All The Way To Penneystock Status

Across the entire curve, credit spreads on JCPenney are exploding. The curve is inverted with the market indicating an almost 50% chance of default within the next 2 years (specifically in 2014 as opposed to pre-2013 Xmas). The stock price is collapsing further (though we suspect a gaggle of analysts calls to catch the accelerating knife - just as we saw last time). At $6.30, this is the lowest stock price since March 1981, on the back of yet another downgrade (this time with a $1 target) by none other than the same Mary-Ross Gilbert who proclaimed the most recent quarter a success and ... Read More

Tags: JCPuking All The Way To Penneystock Status,  Jcpenney Latest News