Steven Mallas
Editor's Choice
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J.C. Penney: Should Investors Have Patience With CEO Ron Johnson
By Steven Mallas - January 4, 2013 | Tickers: JCP, TGT, WMT |
If you look at a one-year chart of J.C. Penney's (NYSE: JCP) stock price, you will note, rather disconcertingly, that it is not heading in the right direction. At the time of this writing, the stock was priced slightly below $20 per share. The 52-week high is slightly above $43.
What's the cause of this drop? Well, perhaps you've heard that J.C. Penney is trying more »