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

[jablome]

I know you can't have 161 million loss in four months and contuinue. JCPenney finished the quarter with just $181 million in cash, down from $363 million a year ago. Much of the big decrease was because of a $190 billion debt repayment.

But JCPenney is adding even more debt

It raised $400 million from recent bond sales. Although the company stressed in the earnings report that it has $2 billion in total liquidity, it also has more than $4.1 billion in long-term debt, up slightly from the same period last year.