Seeking Alpha Author Darren McCammon joins Cheddar to discuss why investing in JCPenny's small bond $KTP may be more beneficial than investing in the company stock.
He says that in order for the investment to be successful, JCPenney has to basically just stay afloat. It doesn't have to be doing well. And at this point, that may be a good thing, because the retailer's "reinvention" of itself isn't yielding the best results. McCammon says it's doing well in its electronics and appliances divisions, but lagging in women's clothing...which used to be the crux of the business.
Plus, how does it stack up against Sears? McCammon says Sears' debt load is a much bigger problem than JCPenney's. He expects the troubled company to go bankrupt after the holiday season. This will benefit JCPenney, because Sears customers will move their money over.
Would U.S. companies go back to Russia if there’s a peace deal over Ukraine?
The explosive growth of the data centers is eliciting some pushback.
After years of sponsoring LGBTQ+ Pride events around the country, some companies are pulling their financial support.
‘Taco’ chance on the markets’ volatility, this is nacho average opportunity! Plus: Southwest, Boeing, Disney, Nvidia, Stellantis, McDonalds, Warner Brother
The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024.
The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.
Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025.
Stragglers beware: U.S. travelers flying with United Airlines will have to check in to domestic flights a little earlier starting next week.
Wrench attacks, where crypto investors are hit with wrenches to give up passwords, are on the rise.
SpaceX has launched its Starship mega rocket again after back-to-back explosions.
