Maxim still sees J.C. Penney running out of cash in Q3 of 2015 Maxim calls J.C. Penney's 33 store closings "much ado about very little" and says it still expects the retailer to run out of cash in Q3 of 2015. Maxim believes the foregone sales from the closed stores will make it more difficult for J.C. Penney to lever fixed costs. The firm keeps a Hold rating on the stock.
News For JCP From The Last 14 Days
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