"But Sussberg indicated he believed Penney’s performance so far, and its cash on hand, would help the retailer weather the changing scenario. The company has “significant cash on hand” of roughly $980 million, and is running roughly $100 million ahead of its projected budget, he said."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.