Dallas, Texas 12/30/2013 (FINANCIALSTRENDS) – The stock price of J.C. Penney Company, Inc.(NYSE:JCP) is trading at a 52 week low and has lost a great amount of its value since August. The main reason for this is seen as the inventory pile up of the company due to sluggish demand. The company also has a negative operating cash flow but every time the holiday season starts the company comes with a good fourth quarter. Every year this quarter has seen a dip in their inventory which is a positive sign because it generates some positive cash flows for the company.
The company has a long term debt of $4845 million which is a cause of concern among investors and analysts. But the company experts are saying that they are planning to reduce this debt by a significant number as the fourth quarter is a holiday season and company is expected to generate good amount of positive cash flow in these 3 months.
Overview of J.C. Penney Company, Inc.(NYSE:JCP)
J.C. Penney Company, Inc.(NYSE:JCP) is one of the biggest retailers in USA and it has both offline as well as online retail stores. The company offers hundreds of different products such as furniture, home decoration stuff, kids, men and women clothes and accessories. Apart from all these things the company also offers many daily use items. The company was founded by James Cash Penney and he wanted a fair and equal market player. As per him the main of the company should always be to treat its customers with complete respect and this the reason the company has managed to open up 1100 shops across USA and some other global markets.
The company is also famous for different discount coupons and this is the reason why many customers are getting attracted towards it. There discount coupons can be utilized at their retail stores as well as online retail stores.