Friday, January 19, 2018

With A Flawed Strategy, J.C. Penney's Future Is Uncertain

Forbes

The recent Christmas 2017 sales report for J.C. Penney implies that improved sales should be a balm for optimists.  Hard times are looming for the company.

Very high debt. The company has about $7.5 billion in total debt if you take total liabilities minus cash minus receivables. J.C.Penney calculates outstanding long-term debt to be about $4.06 Billions.
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