Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

JCPenney Default Risk Hits All-Time High
Zero hedge ^

Posted on 08/05/2013 11:01:17 AM PDT by Perdogg

It would appear that in the order of who knows what when, in the case of JCPenney, it is C-level executives first, credit markets second (was Goldman's line a pre-DIP?), and equity shareholders (Ackamn included) last. With the torrent of executve departures in the last year, credit market investors led the equity over the past two weeks as credit lines were (allegedly) pulled. Today's 50bps rise in JCP's 5Y CDS pushes the company's risk of bankruptcy to its highest ever (arguably higher than 65% over the next few years given the secured assets). JCP's stock is down 2% on the day but still holding above its April (and 2009) lows (for now).



Charts: Bloomberg


TOPICS: Business/Economy
KEYWORDS: jcp; jcpenney
Navigation: use the links below to view more comments.
first 1-2021-4041-60 next last

1 posted on 08/05/2013 11:01:17 AM PDT by Perdogg
[ Post Reply | Private Reply | View Replies]

To: Perdogg

‘Tis a shame. I used to love JCP but then they went pro-queer, pro-lesbian, and anti-family and I went elsewhere.


2 posted on 08/05/2013 11:02:30 AM PDT by MeganC (A gun is like a parachute. If you need one, and don't have one, you'll never need one again.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeganC

I feel sorry for the clerks and managers who will be out of work if they go under.


3 posted on 08/05/2013 11:03:49 AM PDT by Perdogg (Cruz-Paul 2016)
[ Post Reply | Private Reply | To 2 | View Replies]

To: MeganC

Yep...

And they certainly didn’t GAIN any new customers when they lost you.

Most homosexuals wouldn’t be caught dead in what JCP considers “Fashion”.

Kind of like Zappa’s line “Is that a real poncho or is that a Sears poncho”?


4 posted on 08/05/2013 11:06:15 AM PDT by left that other site (You Shall Know the Truth, and the Truth Shall Set You Free...John 8:32)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Perdogg

so....does this mean I don’t have to pay off my JC Penney charge card? (low info mode OFF)


5 posted on 08/05/2013 11:07:24 AM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeganC

Libs destroy everything they touch.


6 posted on 08/05/2013 11:07:56 AM PDT by Mygirlsmom (FReepers! Support business that support conservatism. PM me to learn of a good one.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: left that other site

If I ever join the Screen Actors Guild and need a screen name, I think I’ll give “Sears Poncho” some serious consideration.


7 posted on 08/05/2013 11:08:28 AM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 4 | View Replies]

To: Mygirlsmom

“Libs destroy everything they touch.”

They sure do! :)


8 posted on 08/05/2013 11:09:34 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 6 | View Replies]

To: left that other site

True. Sort of like how the Republican Party is courting illegal aliens from Mexico...


9 posted on 08/05/2013 11:11:30 AM PDT by MeganC (A gun is like a parachute. If you need one, and don't have one, you'll never need one again.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Perdogg

Back in the 60s I actually ordered an FN model 1949 surplus battle rifle through the mail from JC Penney.

I also can remember when Sears had a large stock of guns. I think Montgomery Wards may have been the last of the major retailers to carry guns.


10 posted on 08/05/2013 11:12:10 AM PDT by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg

I remember looking through a JCP catalog from around 1900 or so, it was very interesting the many, many things you could order. It was a big deal back in the day before they went all weirdo


11 posted on 08/05/2013 11:14:27 AM PDT by GeronL
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg
JCPenney Default Risk Hits All-Time High

The only important thing is: Do they have enough money to continue to pay Ellen?

12 posted on 08/05/2013 11:14:31 AM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg
JCPenney Default Risk Hits All-Time High

If I shopped at Penney, I don't know whether I would trust them to still be in business between when I handed them money and when they gave me back change.

13 posted on 08/05/2013 11:16:11 AM PDT by KarlInOhio (This message has been recorded but not approved by Obama's StasiNet. Read it at your peril.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg
Just Crazy Panderers deserves what it gets.
14 posted on 08/05/2013 11:18:27 AM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Buckeye McFrog

Ha Ha Ha! You made My day!


15 posted on 08/05/2013 11:18:31 AM PDT by left that other site (You Shall Know the Truth, and the Truth Shall Set You Free...John 8:32)
[ Post Reply | Private Reply | To 7 | View Replies]

To: MeganC

Yes.

It is incongruous and insulting to the base.


16 posted on 08/05/2013 11:19:19 AM PDT by left that other site (You Shall Know the Truth, and the Truth Shall Set You Free...John 8:32)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Perdogg

Since they’re on the verge of the cliff anyway and have nothing to lose, I offer this challenge to JCPenney:

Renounce your slavish support of homosexuality. Publicly. At least as publicly as you endorsed it. Promise a return to the values that made you successful to begin with. Then wait six months and see if your sales increase. if they do, stick with the Normal market. If not, declare bankruptcy and go down the drain with your homo buddies.


17 posted on 08/05/2013 11:19:58 AM PDT by IronJack (=)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg
Hey Men's Wearhouse ! Since you scammed George Zimmer out of his own company, and are looking for someone who "better represents the millenial suit buyer"...........


18 posted on 08/05/2013 11:21:28 AM PDT by SENTINEL (Kneel down to God. Stand up to tyrants. STICK TO YOUR GUNS !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: IronJack
I offer this challenge to JCPenney

After I got done chuckling....I said, "Hmmmm. This is an idea that might work."

Never Happen, though. Folks in charge of JCP are likely scared stiff that someone at their Thursday-after-work-wine-and-cheese parties might call them a bigot.

19 posted on 08/05/2013 11:30:33 AM PDT by wbill
[ Post Reply | Private Reply | To 17 | View Replies]

To: Buckeye McFrog

“If I ever join the Screen Actors Guild and need a screen name, I think I’ll give “Sears Poncho” some serious consideration.”

If you ever start a band “Creepy and the Ass Crackers” is also a cool option.


20 posted on 08/05/2013 11:32:49 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
[ Post Reply | Private Reply | To 7 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-60 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson