J.C. Penney (NYSE:JCP) has been one of the more confusing retailers to follow. There are times when it has seemed the company has found a path forward in the current challenging retail environment and times when it appears that it will be another victim.
The impact of challenging retail landscape, stiff competition from online retailers and waning store traffic is clearly evident from J C Penney Company Inc's (NYSE:JCP) share performance that have underperformed the industry in the past six months ...
JC Penney has been in a strong decline for years and recent results have triggered a further sell-off in the stock price. Results were mixed and guidance was rather positive, but it seems that the market doesn't trust management.
It is capable of producing several hundred million in positive cash flow without asset sales. This should allow it to pay off its 2018 to 2020 debt maturities, while its 2023 secured debt can be refinanced.