The Sears Bankruptcy Is J.C. Penney's Last Best Chance to Recover

[McFurd]

Yahoo - 10/16/2018 - Adam Levine-Weinberg, The Motley Fool - After making some progress toward a turnaround a few years ago, J.C. Penney (NYSE: JCP) has hit a number of speed bumps since 2016. This caused its stock to plunge to multidecade lows below $2 this year, down from around $10 less than two years ago. However, the company got some good news this week. Struggling rival Sears Holdings (NASDAQ: SHLD) finally filed for bankruptcy and will start liquidating 142 stores immediately. This will add to J.C. Penney's market share growth opportunities. Additional store closures are likely after the holidays, and Sears Holdings may be forced to liquidate entirely in 2019. Read more @ https://finance.yahoo.com/news/sears-ba ... 00519.html