Anyone who has an affinity for American business icons ? as testaments to this country?s long-standing fondness for the free enterprise system? cannot help but be concerned over the fate of JC Penney . The company continues to lose money and burn cash, with no turnaround in sight. Investors are bailing out from the stock, which dropped to single digits during Friday's trade, following a stock offering by the company.
Anyone who has an affinity for American business icons ? as testaments to this country?s long-standing fondness for the free enterprise system? cannot help but be concerned over the fate of JC Penney . The company continues to lose money and burn cash, with no turnaround in sight. Investors are bailing out from the stock, which dropped to single digits during Friday's trade, following a stock offering by the company.
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