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Wednesday, 05/20/2020 2:32:15 AM

Wednesday, May 20, 2020 2:32:15 AM

Post# of 43522
For the few pennies that JCP was selling for, something like $52 million total, seems like Amazon could put the assets to work.
$2.1 billiion inventory
$386 million cash
$174 other current assets
$4.5 billion in property
-$7.2 billion in liabilities
Seems like Amazon could take over this whole thing for the change in Jeff Bezos' couch, and they could list all of the inventory on the Amazon site to pay off most of the debt, and in the end they would probably own the real estate for free. Big parking lots, plenty of room for trucks to pull in and out, lots of store space to make an Amazon big box store to compete with Costco maybe.... All kinds of possibilities here for not much risk...

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