$JCP Thanks, Niko. Acutally, quite a bit of good stuff in the Forbes Article. He mentions JCP could join with Kohl's. I'm glad he called Jill out on some of the "reinvention" junk. Also, that JCP $3.5 billion in real estate Simon may want this. As for closing 20-200 stores, if Jill announces this at ER time, she will have lost a lot of credibility for having said JCP is "very close" on store count in November, although it still may be the wise thing to do. Excerpt from that article: "As far as buying time and cutting debt, one of the keys to Penney’s unlocking some asset value, lies in their approximately $3.5 billion of real estate. Simon Properties Group, being one of the premier mall owners (with predominantly A properties) would probably pay a premium for Penney’s excess real estate that has considerably higher value, than the paltry rent many anchors are paying."
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