$JCP agree that this is still the early innings with the stalking horse just out of the barn and the bar set with the S&B lowball offer and lots of interest; disagree with the comparisons to Sears and their prime props were long gone prior to bk- JCP includes many primo on the 50 yard-line and plenty of space for big box/ restaurant when c-19clears and owners will need the space in the new post Covid world (these props aren’t worth less this make them more valuable!); as they say “follow the money” and how far down any $$ / value from asset sales, spins, transactions go down the existing capital stack with all getting their value paid back (not more) will determine ours- will be interesting to see and I hope for the best-
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