NEW YORK (Reuters) - J.C. Penney Co Inc’s (JCP.N) stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million. FILE PHOTO: A J.C. Penney Company Inc. store is pictured at a mall in Langhorne, Pennsylvania, U.S. November 17, 2018. REUTERS/Suzanne Barlyn But in newly-minted Chief Executive Officer Jill Soltau’s turnaround bid, another figure looms larger: $4 billion. That is the rough total of a potentially crushing debt load on Penney’s balance sheet, a ticking time bomb that could derail Soltau’s attempt to revitalize the 117-year-old department store chain. Soltau, hired late last year from craft and fabrics seller Jo-Ann Stores, is attempting to restore Penney’s roots as a retailer of mid-priced apparel for middle-class families. In the short term, she is reducing inventory at stores to boost margins on merchandise and closing underperforming outlets. … [Read more...] about For J.C. Penney CEO, debt haunts turnaround bid
Merchant banking vs investment banking
Feb 05, 2:24 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Matthew Cochrane 06/08/17 AT 3:00 PM This article originally appeared on the Motley Fool.It would be difficult to find a pair of stocks investors would have been better off owning over the past decade than the payment network duopoly of Mastercard Inc (NYSE:MA) and Visa Inc (NYSE:V). Both stocks have produced phenomenal returns for investors since going public. Since March 2008, Mastercard has returned 481% and Visa has risen 570%. This compares to the S&P 500's meager-by-comparison 75% overall gains over the same period.In addition to sharing almost identical gains over almost a decade in trading, the two companies share almost identical business models as well. In the 2016 BrandZ Survey of Top 100 Global Brands, Visa is said to have the world's sixth most valuable brand; Mastercard ranks 20th. According to the Nilson Report, Visa facilitated 139 billion … [Read more...] about Visa vs. MasterCard: Which Is The Better Credit Card?
By WSJ Staff WSJ Mon., Jan. 28, 2019 The RIA industry has set five straight annual records for M&A activity. But David DeVoe, managing director of San Francisco-based investment bank DeVoe & Company, says there’s no end in sight. Before long, he says, we should expect mega-firms that will “potentially start to change the complexion of the RIA space.” Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more. PLANNING & INVESTING Weed Versus Greed on Wall Street: As potential profits in cannabis grow, big banks and blue-chip investors will lose their reticence about the pot business. MARKET TALK From Dow Jones Newswires Article Continued Below Strong economies and stock markets in emerging markets are likely to bridge the current gap between low price-to-book multiples and high return on … [Read more...] about WSJ Wealth Adviser Briefing: RIA, Weed Vs Greed, Scamming Grandma