JCP in the news
Posted in the JC Penney Forum
#1 Mar 27, 2013
Radio news reports mall owners are worried that JCPs problems are going to cause store closing. They would hurt malls a lot since it will be difficult to find a store to fill the space.
This makes me ponder, is the values Ackman saw in real estate REALLY there??
Given the econmy if ackman and company allows ron to lead them to liquidation there might not be enough to pay the bond holders let alone the investors....
If everyone looses their job I hope ackman looses his reputation and the hirt he is wearing. Rons poor management has gone on way too long
#2 Mar 27, 2013
I think like Sears they may own a lot of the real estate their stores sit on, many of these stores in cities are sitting on prime stuff, aka the city going around them over the long years. In rural areas this may not be as true as one tobacco field is as good as another. I am not sure of the value in buildings, I have seen huge Kmarts getting 90% built only to never open, sold, new brick, everything torn down, another building put up.
Maybe a tax thing for the company, who knows, just seems like odd behavior.
#3 Mar 28, 2013
well it serves them right things are bad and i dont know what they are wating for fire his sorry ass its already bad bad situaiton they need to make a move now i think its too late anyway working really hard without fitting room people and sales support we need them back now they made our life alot easier they want the store to look nice right bring them back now
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