JC Penney Corts Tr Debentures (COTRP)

[TraderAI]

"Based on my calculation (which I have not conducted in a while), I believe COTRP can top out at $1.95/share. That is based on the maximum amount of the earnout of $140 million and the approximate $1.8 billion in unsecured debt (class 7-10). The earnout will take a while, but from the acquirer side, sending $140 million after a course of a year for full payoff of $1.8 billion in debt is an easy decision to make."


Thanks GBE!