JC Penney Needs A Deep-Pocketed Investor to Avoid Chapter 11 - Value...

10/22/13

JC Penney Needs A Deep-Pocketed Investor to Avoid Chapter 11
ValueWalk
Indeed, Goldman Sachs Group Inc (NYSE:GS) raised the red flag on Chapter 11 at JCP on September 25 when its fixed-income research issued a report downgrading JCP debt, and warning investors that the company could be headed for bankruptcy.