Replies to post #6263 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[UpTickMeA$AP]

The company now has over $5 billion in debt, resulting in annual interest payments of $400 million, meaning it would have to eventually deliver an annual operating profit of around $700 million, or more than 5% of revenue, in order to justify its current market value at $2.5 billion.

[chaostrader]

Many JCP stores had lighter foot traffic around the country compare to last year, however, some did report better than expected. CEO of JCP did say, they way overstocked for the holiday season. lol

jmo