Stock rated "junk" status, loses 50% since February, 350 layoffs at home office
The 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.
Snapshot of J.C. Penney under same-sex marriage crusade
| 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: $41.32 | 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.
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