Bondholders Not So Worried About J.C. Penney

In a rare turnabout, bondholders were a bit more sanguine on J.C. Penney’s (JCP) latest results than equity holders. While equity investors sent the shares down 8% Thursday to $8 a share, credit analysts weren’t too perturbed by same store sales coming in a bit light. Gimme Credit analyst Evan Mann noted: Although J.C. Penney’s […]

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