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

[Large Green]

The Value Of Amazon Buying J.C. Penney Could Far Exceed That Of Buying Target, Kohl’s, Or Anyone Else

***Fantastic Article***

Read this great article and then you will understand why Amazon Jeff Bezos recently raised ten billion in the financial markets...quite obvious is to buy the entire company of JCPNQ and enhance their storefronts along with some reorganization

https://www.forbes.com/sites/christopherwalton/2020/05/29/the-value-of-amazon-buying-jc-penney-could-far-exceed-that-of-buying-target-kohls-or-anyone-else/#3da2ddf0bcd9

In a 2016 letter to shareholders Bezos remarked: “We all know that if you swing for the fences, you're going to strike out a lot, but you're also going to hit some home runs.

The difference between baseball and business, however, is that baseball has a truncated outcome distribution. When you swing, no matter how well you connect with the ball, the most runs you can get is four.

In business, every once in a while, when you step up to the plate, you can score 1,000 runs. This long-tailed distribution of returns is why it's important to be bold. Big winners pay for so many experiments.”

Acquiring J.C. Penney is bold. It goes against conventional opinion. It costs nothing, and the outcome, if it hits, could be out of this world, even for a Blue Origin-dreaming Jeff Bezos.