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Kimbrown

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Kimbrown

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Wednesday, 10/14/2020 10:03:28 AM

Wednesday, October 14, 2020 10:03:28 AM

Post# of 43522
Jcpenney new 8-k is out, can be viewed at https://ir.jcpenney.com/sec-filings/all-sec-filings
Highlights:
1) it is outrageous to sell pro co for 1b with 160 stores , 6 distribution centers, and lease them back for 156m rent per year. The op co is to be sold to landlords for $800m.
2) the costs expended on bonus and marketing exceeded budget.
3) cash on hand 991m as of 10/3/2020.
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