J.C. Penney stock plummeted 12.1% in Friday trading after the department store retailer announced that it received a letter from the New York Stock Exchange on August 6 alerting it that it is no longer in compliance with listing criteria.
thats a good way to kill a company.
and a good reason to not go public.
unless you wanna do that. go on ahead.
In 10 years we are going to have a real problem with zombie retailers like K-mart and Sears just hobbling along begging to be put out of their misery.
Looks like Penny's is about to be a penny stock
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