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I'm gonna start buying others in this sector too! This is a legit no brainer! JCP will make longs bank!!!
This is awesome! I'm gonna be rich when all is said and done!!!
Got my order in this am!!!
Jcp! Looking good here!!!! Friday I buy more!!!! Wooooo!!!!
JCP lookin good! Buying more today!
Real news is they already have taken actions to weather this. Pretty simple if you stick to facts.
"JCPenney Extends Store Closures and Provides Business Updates
Source: Business Wire
J. C. Penney Company, Inc. (NYSE: JCP) today announced it will extend the temporary closure of its stores and business offices due to the Coronavirus (COVID-19) pandemic. The Company will continue to follow guidance from local, state, and federal officials as it anticipates gradually reopening stores and offices in markets when it is safe to do so.
As a result of its store closures, JCPenney has made the difficult decision to temporarily furlough the majority of store hourly associates, beginning April 2. During this time, the Company will also require a smaller corporate workforce. Beginning April 5, a significant portion of associates in the Company’s Home Office, Salt Lake City, and Soho design offices will be furloughed, along with its store salaried associates. Many of the Company’s associates in supply chain and logistics centers were previously furloughed on March 20, and those furloughs will continue.
“These are difficult days all across the country and the globe. At JCPenney, we are making tough, prudent decisions to protect both the safety of our associates and the future of our Company,” said Jill Soltau, chief executive officer of JCPenney. “We remain optimistic about JCPenney’s ability to weather this pandemic. We also believe these short-term solutions will have a long-term benefit for our associates, customers, and key stakeholders as we look forward to the day that we reopen our doors.”
All furloughed associates who are currently enrolled in the JCPenney benefits program will continue to receive full health benefits and the Company plans to cover 100 percent of employee-paid premiums for the duration of the furlough. Many impacted associates are also eligible to receive state unemployment benefits, which were recently increased with the passage of the federal stimulus bill.
“Our thoughts are with our valued associates and their families who are all being affected as we face this troubling time together. This is a true public health crisis, so we are maintaining health benefits and paying premiums for associates,” Soltau said. “We are in conversation with our associates and endeavoring to answer every one of their questions.”
JCPenney has taken several actions to improve its cash position and financial flexibility during the pandemic, including deferring capital spend, utilizing funds available under the revolving credit facility, pausing hiring, cutting spending, reducing receipts, and extending the terms for payment of goods and services. The Company has also suspended 2020 merit increases and is evaluating other financial options.
The Company’s eCommerce distribution centers and customer care will remain open, fulfilling online orders and answering customer inquiries. The centers will continue to operate by following enhanced social distancing, best practices for sanitization, and other safety measures. Its international operations continue, while complying with government mandates."
Cause I know its going to go up. Fake news is not going to hold it down. Easily will go over a dollar on real news.
Buy now, thank me later!!! I'm still loading!!!! Every week baby!!!
Fake news. Company is not filing for bankruptcy nice try.
I'm loading like crazy at these levels!!
Fake news.
Seen lots of chatter about JCP this weekend! New positions are going to be opened this week! With news JCP will double up easily!
No they are not. Company filings say nothing about filing bankruptcy. Only one saying it are shorters to spread fake news
Chart is tightening up nicely! Reversal is imminent
Last year I made the call on a bankrupt stock. From .19 to over $2 lol. And that was a bankrupt stock. This ones not even bankrupt. Lol. This one will easily go back over $1
I said I am 100 percent in my calls on stocks like this. Trust me if I say it will go up, it will. I just keep accumulating every week. This one will easily gain 100 percent imo
JCP bout to flip. 100 percent gains should be expected easily
Jcp easy 100 percent gain coming
Watch and learn. Jim made me lots of money last time betting against me. I'm certain I will make a lot more this time!
People said the same thing when I made money on other stocks. So far I'm 100 percent on my calls like this! No worries here!
Jcp will rally way beyond a dollar
This is an easy 100 percent gain stock
Cant wait! JCP gonna make longs wealthy imo!!!
They will survive and be bailed out. Mark this post
Hmmmm maybe I should buy some more !!!!! :)
That's not even what you asked! Lol! Nice try!!! You're going to lose again. So obvious
Yep. Short trap!!!
Dollar land coming soon!!!!! Woooo!!!!
I'm good. Greeen!!! Was too busy yesterday unfortunately
My order went through this morning! #winning
Buying more at open!
Big bounce coming soon! Be prepared!!! Dollar land coming!!!!
Bought more today!!! Wooo!!!! Go JCP!!
Which means more shares in safe hands!
Oh ok. Post your legit DD here so we can all see it. Lol. The chart speaks for itself. Dead scam
Lol. There is nothing legit about this except it's a legit scam. Do some DD.
Lol this scam stock is dead
Lol. Jim made me tons of $$ last year. Looking forward to winning again this year! Short squeeze is inevitable here
It's not Friday but I'm buying more today. :)
Yep got more today!!!