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RTX - The Retirees' Dividend Portfolio: John And Jane's August Taxable Account Update
Raytheon Technologies Corporation
The introduction to this article is a little different but does involve one of the stocks held in the Taxable Account - Simon Property Group (SPG). It was announced that the behemoth REIT is exercising its financial flexibility, along with Brookfield Property Partners (BPY), to purchase JC Penny (JCPNQ) and rescue the distressed retailer from bankruptcy.
This move follows its previous moves in buying distressed retailers like Forever 21 and Brooks Brothers. JC Penny is a far larger company than these two companies but the discount is massive compared