J.C.Penney Keeps Slumping; Critics Worry About 2014

J.C. Penney’s (JCP) plans to raise almost $1 billion though a public offering hasn’t alleviated worries about the struggling department store operator. What’s the issue? Concerns that the company has been burning through cash faster than anyone expected and will keep right on blazing away next year. Or as UBS analyst Michael Binetti writes… Liquidity [...]