Want to join the conversation?
$JCP expects that existing liquidity will be adequate to fund CapEx and working capital needs for balance of 2015. The current financial position will provide $JCP the financial flexibility to support growth initiatives. CapEx for full year 2015 is expected to be about $250-300MM, which includes accrued expenditure of $40MM at the end of 2Q15.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.