JCP earnings call for the period ending January 31, 2018.Three major mall operators dropped by double digits on a pretty calm day for the markets.The retailer has dwindling cash and a dwindling customer base.The chain is in real financial trouble.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.The department store chain avoided bankruptcy...for now.Shares of the department-store chain climbed on news about potential debt talks.JCP earnings call for the period ending November 3, 2018.Products in most categories are marked down by as much as 40%.After three days of monster gains, shares of the ailing retailer finally faded.JCP earnings call for the period ending August 4, 2018.JCP earnings call for the period ending February 02, 2019.Quarterly results offer at least reason for hope that the venerable retailer can pull off a turnaround.The bankrupt department store chain is hemorrhaging sales, threatening its ability to restructure successfully.JCP earnings call for the period ending September 30, 2017.While the company has taken positive steps for its business, J.C. Penney faces a tough turnaround.The two property companies have already bought one bankrupt clothing chain in 2020.Department store investors must be smiling, as four leading names in the industry have enjoyed 20% share price gains since reporting their second-quarter results.The Company sells family apparel, jewelry, shoes, accessories and home furnishings to customers through department stores and Direct (Internet/catalog).Sales fell during the holiday season.The department store's landlords may give it a bailout.The old-line department store chain's name would disappear.In return, the shareholders will drop a motion to have the company’s bankruptcy canceled.Shares of the department store chain popped again as news about a new brand launch seemed to lead to a short squeeze.The beleaguered retail name seems to be getting a second look.Between weak holiday sales and the threat of being delisted, the department-store retailer has plenty of work to do.Several possible acquisition deals are rumored, driving Penney’s stock higher.JCP earnings call for the period ending May 5, 2018.The department store has had some good news, but buyer beware.The new lenders called the existing loan terms “predatory” and said the retailer was “bullied.”Investors are betting on big turnarounds even among companies that have already sought protection from creditors. Bulls Say & Bears Say. Disclaimer. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
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That's what's currently happening with J.C. Penney (OTC:JCPN.Q), the …