J.C. Penney: Three Ways The Firm Burns Cash – ValueWalk Premium
J.C. Penney

J.C. Penney: Three Ways The Firm Burns Cash

J.C. Penney Company, Inc. (NYSE:JCP) released preliminary earnings for the first three months of 2013 yesterday after the market closed. The release, which was part of a deal that sees the company take a $1.75 billion loan from Goldman Sachs Group, Inc. (NYSE:GS), seems to have been applauded by the market and shares in J.C. Penney Company, Inc. (NYSE:JCP) were up 7.62 percent at time of writing to $17.65 per share.

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