Replies to post #1144 on JC Penney Corts Tr Debentures (COTRP)

[Desperado90]

Correct, it doesn't guarantee anything yet.

We hope they take their fiduciary duty as trustees seriously and negotiate a recovery since the COTRP was asset-backed.

Even if we get like 20 cents on a dollar, that would be a substantial recovery at this point. They've missed and defaulted 3 years of dividends and they are yet to payout on the profit sharing or on the sale of the assets and nothing yet on the operating company.

The JCP Credit Card business should be sufficient on its own for some decent recovery.

GLTA.