Replies to post #9115 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

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Book value means little with troubled retailers. BV includes store improvements like paint on walls or carpeting on floors. It includes signage that has no liquidation value. Old merchandise on racks is worth maybe 10 cents on the dollar especially when its a JCP private label brand.