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Old Copper Company Inc (CPPRQ)

OTC Markets
Currency in USD
Disclaimer
0.127
0.000(0.00%)
Closed

CPPRQ Comments

Bankrupt JCPenney’s finances appear to be on solid footing as it approaches a Friday court deadline to gain approval for its business plan.
In a July 24 filing with the Securities and Exchange Commission, the Plano, Texas-based retailer said it posted an operating income of $80 million for the month ended July 4, versus a loss of $7 million for the comparable period in 2019. Its net income was $47 million, compared with a loss of $25 million in the prior year period.The company closed out the month ended July 4 with just over $1.2 billion in cash and cash equivalents on hand, along with just over $2 billion worth of inventory
Sycamore partners offered 1.7 billion yesterday
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