Replies to post #1269 on JC Penney Corts Tr Debentures (COTRP)

[MasterBlastr]

Agreed - Hopefully we get something for Christmas, or Valentines day.

[footballref-8541]

I am almost certain they won’t be paying cash. Probably dilute the stock. But it would be to our advantage considering the time and back dividends owed. Decreasing your cash position is not a good business move in a high interest rate environment.