Vornado records a loss on its 11% investment in J.C. Penney
It's never a good sign when one of your board members writes down the investment in your company's stock on his company's books.
Join the discussion below, or Read more at Dallas Morning News.
#1 Feb 27, 2013
The quarterly reports are due out after the closing bell of the stock market. They are hoping to delay the dismal results and it's effect on the stock price by one more day.
#2 Feb 27, 2013
and what would one more day do?
#3 Feb 28, 2013
They were trying to avoid panic sales before the bell. This way it evened out over the day.
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