This is Why you don't want to OWN COMPANIES that are not EARNING MONEY and have WEAK BALANCE SHEET
- J. C. Penney recently declared bankruptcy, a move that has created a lot of uncertainty for a lot of stakeholders.
- One thing is clear, and that's that shareholders are being wiped out by the development.
There appears to be interest from Amazon, but this is unlikely to benefit shareholders as a purchase through bankruptcy is more logical.
After years of pain, the end has finally come at last for retail giant J. C. Penney(JCP).