Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Briboy]

You know, you look at recent news and one would
think the sky is falling.

I swear there are factions out to bring down JCP
as well as many others.

Here are the facts:

1. Every company has a percentage chance of bankruptcy
2. JCP is 44.95%. That may seem high, and is for sure
has some risk of bankruptcy, but consider this: Only
companies over 90% are HIGH RISK that bankruptcy will occur.
3. Some competitors
a. Sears 43%
b. Macy's 35.86% (yet this stock is being touted as a superior co)
c. Kohls 36.72%

My last post I implored stockholders to "not panic." Most have not as you can see by current share price. It has good support in the $7.00 range and some mini levels of support above that as well. This puppy wants to go up, but some folks want this to go down, because there is no basis for it to do so at least according to Q2. Was it great? No, but you can see measures are being taken to bring this company back to profitability.

They may indeed fail, but I stongly suggest JCP will be here for many years in the future, and there should be no panic for anyone that wants to buy shares at current levels.