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/biz/ - Business & Finance

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18525278 No.18525278 [Reply] [Original]

https://finance.yahoo.com/news/j-c-penney-gets-financing-191146408.html?soc_src=community&soc_trk=ma

What’s up, JCP millionaires. How you doing?

>> No.18525345

Just let it fucking die holy shit is this capitalism or socialism

>> No.18525467

>>18525345
>is this capitalism or socialism
It's both, Crony capitalism.

>> No.18525483
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18525483

>>18525278
Feeling comfy...

>> No.18525793

>>18525278
$10 eoy?

>> No.18525820
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18525820

>>18525278
Just fucking /CHILLING/

>> No.18525855

>>18525345
It's corporate socialism. Take money from the plebs and give them to the big boys.

>> No.18525885

honestly though is this shit even going to be around in a few years? surely its doomed at this point, its stock is literally shitcoin tier pricing.

>> No.18525904

>>18525885
Yes. Did you miss the memo? No corporation is going bankrupt ever again. They will just get bailed out.

>> No.18525943

>>18525904
Yeah but who the fuck buys from jcpenney? people buy everything amazon.

>> No.18526019

>>18525943
It doesn't matter.
Who the fuck buys oil? Yet Chevron is pumping like crazy.

>> No.18526042

>>18526019
>Who the fuck buys oil?
wat?

>> No.18526058

>>18526042
There no flights, no ships, no one drives to work. Factories are halted. Worldwide oil consumption sunk by 80%. No one buys oil.

>> No.18526079

>>18525278
how much of the industry can the fed bailout, before the value of the currency tanks?

>> No.18526103

>>18526058
yeaah sure for now, but unlike JCP people will starting buying oil like always once everything restarts, nobody was buying from JCP even before this shit happened.

>> No.18526119

>>18526058
This might be the single most retarded post I’ve ever seen on this shithole

>> No.18526136

>>18525278
Right, I'm sure more debt will solve all of JCP's problems.

>> No.18527707

>>18525278
yes

>> No.18527731

>>18525943
JC Penny is probably an amazon seller now

>> No.18527755
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18527755

>some anon said it would turn into Amazon stock

>> No.18527897

>>18527755
Let us be delusional in peace

>> No.18527928

>>18525345
corporate socialism, capitalism is for the peasants