
Jan 31, 2014 by Jason Hall
Tax Benefits? Seriously? J.C. Penney, You Have Much Bigger Problems
J.C. Penney recently announced today that it was "acting to protect the company's valuable NOLs" by extending the company's poison pill until 2017. The thing is, it looks like management and the board are more worried about a buyout attempt, or activist investors than the value of the losses towards future tax reduction.