It really amazes me that JCPenney (JCP) is even still around these days.
The fact that it has survived this long, has run commercials apologizing to its customers, and continues to spiral downward in its stock price is utterly amazing. This latest leg down in the stock is pretty much proof that any investors still hoping that this company would dig itself out of the hole it is in, has decided not to go down with the ship.
Whether JCP can last through 2016 is still a mystery, for whatever reason, it is still selling clothes at all the malls that have yet to go out of business themselves. But that is soon to change, I believe.
What a slow, slow death this stock is having!
