Kyle Bass Buys Up J.C. Penney Loans, Bullish On Recovery – ValueWalk Premium
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Kyle Bass Buys Up J.C. Penney Loans, Bullish On Recovery

More hedge fund drama is on the way as Kyle Bass steps into the J.C. Penney Company, Inc. (NYSE:JCP) foray. According to Bloomberg's sources, Kyle Bass is betting on a comeback of the very troubled retailer with a long position in its debt.

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