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JCP - J.C. Penney: Low Second Half Expectations Should Be Achievable
J.C. Penney Company Inc.
J.C. Penney's (JCP) stock appears to have stabilized as its Q3 2019 earnings report approaches. It paid off its 2019 unsecured bond maturity and should be able to deal with its 2020 bond maturity, giving it some time for its turnaround attempt. Expectations for the rest of 2019 are pretty low (and thus achievable), but it will be important for it to be able to forecast (and deliver on) comps improvement in 2020.
Bond Repayment And Bankruptcy
Although there was some talk about the potential for J.C. Penney to file for bankruptcy in