Stock rated "junk" status, loses 50% since February, 350 layoffs at home officeThe company is going downhill fast. Since February, the company stock has lost more than half its value, and Standard & Poor's Ratings Services lowered its credit rating on J.C. Penney Co. further into "junk" status.
|February 2012||May 2012||June 2012||July 2012|
|JCP announces Ellen DeGeneres as their new spokesperson.||JCP launches catalog ad featuring two "gay" moms.||JCP launches catalog ad featuring two "gay" dads.||JCP stock rated "junk" by S&P. JCP fires marketing exec.|
|Stock price falls to $35.67||Stock price falls to $25.83||Stock price falls to $20.02|
Praise the Lord! Perhaps they will reverse their pro-sodomite agenda and stop pushing such deviance in our faces.