J.C. Penney Company, Inc.

  • Penney's Poison Pill

    By Richard Presser - August 27, 2013 | Tickers: JCP, VNO

    Last week JCPenney's (JCP) board of directors instituted a shareholder rights plan. Though not in response to an active takeover situation, effective for one year, this "poison pill" makes any attempt to acquire the company prohibitive because the acquirer is forced to purchase the company at the management dictated $55 a share (JCP is currently trading around $13).  The board stated that this was meant to not deprive stockholders more »

  • Sears' Biggest Hurdle Isn't the One Eddie Lampert is Complaining About

    By James Brumley - August 23, 2013 | Tickers: JCP, M, SHLD, SHOS, TGT

    Sears Holdings (NASDAQ: SHLD) reported its second quarter numbers on Thursday morning, and to no one's surprise, they weren't good. Same-stores sales were off 1.5%. Overall revenue fell 6.3%. The per-share operating loss widened from $1.06 a year ago to $1.46 this time around. It's all been pretty well documented elsewhere, so no need to rehash the gory details. There is a need more »

  • Is It Worth Saving Penney’s?

    By Diane Alter - August 19, 2013 | Tickers: JCP, KSS, M

    The last time J.C. Penney (NYSE: JCP) got this much newspaper space was when the struggling retailer spent heavily on a flood of advertisements to lure customers into stores. Presently, the beleaguered chain is taking up print coverage for very different reasons. J.C. Penney is making headlines for its fight for survival.

    Last year, the limping retailer lost $1 billion and sales slumped 25%. Year to date, it more »

  • Will These Companies Come Back?

    By Ryan Peckyno - August 18, 2013 | Tickers: JCP, RAD, WEN

    A few months ago, I published articles on Lucent and Hewlett Packard, two companies that had viable strategies to turnaround their businesses.  Since publishing those articles, both of those stocks have roughly doubled. 

    Identifying a turnaround candidate is a risky proposition.  To succeed, you have to understand the business, the competitive landscape, where the company went wrong, why the company went wrong, and critically evaluate whether or not the company more »

  • Which Department Stores Are Worth Your Money?

    By Bob Ciura - August 16, 2013 | Tickers: JCP, KSS, M

    This is a challenging time for the American consumer. The economy in the United States is slowly digging itself out of the massive hole caused by the Great Recession, the worst recession in decades. The labor and housing markets continue to heal, providing a boost for cash-strapped consumers, but at frustratingly slow rates, meaning Americans are still holding on to their purse strings.

    Nowhere can this be felt more closely more »

  • These 2 Companies Make For A Great Fit

    By Mark Yagalla - August 16, 2013 | Tickers: FL, JCP, M, FINL

    When Finish Line (NASDAQ: FINL) and Macy's (NYSE: M) announced last year that they were teaming up, some were skeptical as to how quickly the Finish Line stores could get rolled out into select Macy's locations. Well things are going better than expected for both companies. Currently, Macy's has about 100 Finish Line stores within a Macy's and plans to have a total of 450 by more »

  • Nordstrom: Suited For Success

    By Nikhil Raheja - August 16, 2013 | Tickers: JCP, M, JWN

    Nordstrom, Inc.(NYSE:JWN) is a fashion retailer with one of the best prospects for long term growth. The company's greatest asset is its management, which understands its competitive advantages and constantly strengthens them. Nordstrom's competitors, Macy's, Inc.(NYSE:M), and JC Penney Company, Inc.(NYSE:JCP) have carved a niche for themselves but are yet to display the uniqueness and agility of Nordstrom. Long term investors more »

  • Is Bill Ackman Secretly a Genius?

    By John McKenna - August 15, 2013 | Tickers: HLF, JCP, WEN, THI

    It’s not that easy being Bill Ackman.

    Whether it was calling out Herbalife (NYSE: HLF) as a “pyramid scheme” or spinning off Tim Horton’s (NYSE: THI) from Wendy’s (NASDAQ: WEN), every big move he’s done has been under the microscope. Now that he has announced that he will leave JC Penney’s (NYSE: JCP) board of directors, following some of the men he brought with him more »

  • What Happened to These 3 Retailers?

    By William Bias - August 15, 2013 | Tickers: JCP, RSH, SHLD

    Retailers RadioShack (NYSE: RSH), J.C. Penney (NYSE: JCP), and Sears Holding Company (NASDAQ: SHLD) all experienced headwinds in recent years stemming from lower product demand, online competition, and botched turnaround strategies. Management turnover and lower shareholder wealth ensued. Share prices (including dividends) for RadioShack, J.C. Penney, and Sears declined 82%, 61%, and 50% respectively over the past five years (chart below). Here’s what happened.

    <img alt="" src="http://media.ycharts.com/charts/5e19fa708a55a9708578db1e60b7e45b.png" />

    RSH Total Return more »

  • Why Ackman Resigning From J.C. Penney's Board Doesn't Matter

    By Jason Hall - August 15, 2013 | Tickers: JCP, M, VFC

    Bill Ackman, J.C. Penney's (NYSE: JCP) largest shareholder, has resigned from the company's board after a number of contentious actions created a serious rift between him and both management and fellow board members. What does this mean for investors? The company has been in a near free fall over the past five years, even as the greater economy, and other retailers have seen growth resume. Let's more »

  • What is the Most Recent Saga at This Boring Retailer?

    By Mike Thiessen - August 14, 2013 | Tickers: JCP, KSS, M

    The latest developments in the J.C. Penney (NYSE: JCP) saga were the stuff of a half-baked television drama. After sending an angry, petulant open letter to the company's shareholders and various media organizations, activist investor Bill Ackman got into an explosive boardroom confrontation with his peers on the J.C. Penney board of directors. While the exact circumstances of the almost physical confrontation have not been made public more »

  • Short Selling J.C. Penney Might Burn You

    By Adem Tahiri - August 14, 2013 | Tickers: BBY, JCP, JOSB

    Short selling is the practice of betting against a stock by selling shares that aren't owned, only to cover (purchase) them later. In essence, short selling is betting against a stock. While this may sound like a good idea in theory, it's a risky proposition when applied to practical use.

    You should avoid short selling altogether if possible, but it's even riskier with a fast sinking stock more »

  • Earnings Play: Four Companies In Focus

    By Jayson Derrick - August 14, 2013 | Tickers: HD, JCP, TJX, WHR


    While traders look at earning season as an opportunity to make a quick buck, long term investors take the opportunity to listen to management, re-evaluate the company and gain a better insight if now is a good time to add more shares, or to sell.

    Data from US Census Bureau foreshadowing strong results?

    Home Depot (NYSE: HD) is expected to report 2Q13 earnings on Tuesday, August 20. The First Call more »

  • Ralph Lauren - Bargain or Bust?

    By Evan Buck - August 14, 2013 | Tickers: JCP, KORS, RL

    Shares of New York-based clothing designer Ralph Lauren (NYSE: RL) were walloped after the company reported weaker earnings than forecast. In the first quarter of 2013, Ralph Lauren reported net income of $181 million, or $1.94 a share, down from a year-earlier profit of $193 million, or $2.03.  Revenue for the three-month period grew 4% to $1.6 billion, up slightly from a year ago. While retail sales more »

  • When Investing in Retail Stocks, Stick With the Winners

    By Bob Ciura - August 13, 2013 | Tickers: AEO, JCP, KORS

    Despite the many headwinds facing the U.S. consumer, shoppers keep on spending. You’d think that the combination of the payroll tax hike and the frustratingly slow recovery in the labor market would deliver enough body blows to send the American consumer down for the count.

    At the same time, consumer spending remains resilient. The gradual improvement in the housing market is a likely reason why, and improving consumer more »

  • J.C. Penney Isn't Worth the Risk

    By Sam Mattera - August 13, 2013 | Tickers: BBBY, FL, JCP

    I invested in J.C. Penney (NYSE: JCP) back in March, reasoning that the selloff was overdone, and that shares presented an interesting risk/reward opportunity.

    I finally relented and sold my stake early last week. Rumors about a declining business, combined with an unprecedented level of management dysfunction, make the stock too difficult to hold.

    J.C. Penney’s declining business

    With Ron Johnson booted from his role as more »

  • Which Department Stores Are Worth a Look?

    By Matthew Frankel - August 13, 2013 | Tickers: DDS, JCP, M, JWN, SHLD

    Most companies that fall into the “mall department store” category have made lousy investments recently. For instance, J.C. Penney (NYSE: JCP) with its headline-grabbing corporate drama is actually trading below its 2009 financial crisis lows. Despite what the headlines might lead you to believe, there are some bright spots in the sector. I’d like to take a look at five of the most well known mall-based department store more »

  • Is This Stock the Buy of the Decade?

    By Ted Cooper - August 13, 2013 | Tickers: JCP, M, WMT

    Ever since his hand-picked CEO was fired after leading J.C. Penney (NYSE: JCP) to a 25% year-over-year sales decline, Bill Ackman's moves have become increasingly desperate. Just four months after asking the old CEO to come back to the firm, the activist investor sent a letter to the board asking for the removal of the current CEO and Chairman.

    Ackman's erratic behavior is indicative of the dire more »

  • The Evolution of Retail

    By Marie Palumbo - August 12, 2013 | Tickers: AMZN, JCP, M, WMT

    Retail is not what it used to be. Hanging out at the mall was once the cool thing to do; now people seek convenience and turn to online shopping. This change in customer attitude forces retailers to evolve. In an industry where just a 5% decline in revenue leads to a 50% to 90% decline in net income, retailers who don’t evolve fall by the wayside.

    Amazon takes the more »

  • George Soros Looks to Ignite Short Squeeze

    By Sammy Pollack - August 12, 2013 | Tickers: CP, HLF, JCP

    George Soros, the man who famously broke the Bank of England on Black Wednesday, earning more than $1 billion in profit on the trade, has been rumored to have taken a large stake in Herbalife (NYSE: HLF). In my opinion, this is a move on Soros's behalf to try to ignite a short squeeze in Herbalife shares. 

    Short interest in Herbalife currently stands at more than 30 million shares more »

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