Professor Elam

Posted Tuesday Oct 15 2013

Analysts now wonder if J C Penny will last until the second half of 2014 to turn the company around.

After losing sales under Ron Johnson's tenure, many wonder if it is too late for the venerable retailer.

Compnanies must pass a going concern test for a clearn audit opinion to be issued. It will be interesting to see what the external auditors decide in the case of JCP.