Replies to post #11817 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[temp luvs amy]

Call me Captain Obvious. Equity is already wiped out. It came from $10 five years ago. 98% gone is pretty much "wiped out."

The BK Bankers will probably take all of the Real Estate and give part of the retailer facade to the shareholders. Maybe they will find a more agile CEO? Maybe they will go through about 10 of them until they do? It's pretty much a dead business model and will require a slick new paradigm to succeed. The landscape is covered with dead retailers. Not sure the bankers will do any better with the commercial space, but it will be their plan and not the same one that depleted equity for the past 20 years.