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MikeBK205

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MikeBK205

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Thursday, 10/22/2020 7:37:31 PM

Thursday, October 22, 2020 7:37:31 PM

Post# of 43522
“If the sale goes through, it will be good news for J.C. Penney's employees, vendors, and customers. It won't help shareholders, though. Under the Chapter 11 reorganization plan filed this week, J.C. Penney stock will be canceled, making it worthless. Even holders of the company's unsecured debt are set to walk away with nothing.”


https://www.fool.com/investing/2020/10/22/jc-penney-rescue-deal-takes-another-step-forward/
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