JCPNQ News and Press, JC Penney Co From 10/31/20

J.C. Penney is expected to exit restructuring with Brookfield and Simon owning its retail and operating assets and DIP and first-lien lenders owning most of its real estate value. Second-lien and unsecured noteholders and common shareholders are not expected to see a recovery. Des...

Expects to Operate Outside Chapter 11 in Advance of 2020 Holiday Season Poised to Operate Under JCPenney Banner With New Owners For Decades to Come J. C. Penney Company, Inc. (OTCMKTS: JCPNQ) today announced that it has entered into an asset purchase agreement ( ...

Ch.11 reorganization plan and disclosure statement were filed on Oct.20. J.C. Penney shareholders are getting no recovery. Because of the very large amount of higher priority claims, unsecured and 2lien noteholders will not be getting a recovery. Asset sale deal is still not c...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Can Tesla hit 2020 delivery target?All eyes will be on Tesla's (TSLA) Q3 results this afternoon after the electric carmaker reported record vehicle deliver...

J.C. Penney (JCPNQ) expects to exit Chapter 11 ahead of the holiday season after taking another step toward a sale to U.S. mall owners.Brookfield Property Partners (BPY) and Simon Property Group (SPG) would own and operate its retail assets, while 160 of its real estate properties and its dis...

Continues to Make Significant Progress Toward Final Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders Expects to Close Sale of OpCo and Operate Outside Chapter 11 in Advance of December 2020 Holiday Season J. C. Penney Company, Inc. (OTCMKTS: JCP...

This article presents a list of stocks with the highest short interest as a percentage of shares outstanding. An unprecedented year amid the COVID-19 pandemic driving historic volatility has represented significant trading opportunities for short-sellers. We analyze key trends and...

Nordstrom's stock price reached a new 52-week low this week, as growth doubts for the U.S. economy have reappeared. Excessive debt/leverage/rents and negative cash flow may require a business reorganization in the next 6-12 months. Ultra-weak equity trading momentum and underperfo...

The current set-up is very bullish for REIT investing: Valuations are at a near 10 year low. Interest rates have hit 0%. Rent collection rates are surging. Dividends are gradually returning. And yield spreads are the largest ever, outside of 2008-2009: As we put this crisis beh...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Stitcher and Spotify . Technology stocks again faded down the stretch Friday, pulling the Nasdaq down for the fifth time in six sessions, although some late bu...