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chaostrader

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chaostrader

Re: None

Thursday, 08/22/2019 9:37:11 PM

Thursday, August 22, 2019 9:37:11 PM

Post# of 43522
J.C. Penney: NYSE Delisting Appears Imminent

Aug. 22, 2019 8:16 PM ETJ. C. Penney Company, Inc. (JCP)7 Comments
Summary

JCP recently received an NYSE notice that the stock could be delisted after trading below $1 for 30 consecutive days.
JCP is experiencing cash burn amid a $3.8 billion debt load.
Future restructuring efforts could be dilutive.
A delisting appears imminent. Sell JCP.

https://seekingalpha.com/article/4287472-j-c-penney-nyse-delisting-appears-imminent
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