What did J.C. Penney do right?

Shares of the retailer were up Wednesday on the promise for a better tomorrow -- but is that enough for investors to get in now?

By Motley Fool Investor Beat Nov 21, 2013 11:01AM
J.C. Penney (JCP) was up over 8% Wednesday after mixed earnings, which included positive same-store sales growth of 1% but a miss on earnings. The stock pared back some of those gains Thursday, however, falling more than 3% in morning trading.

Motley Fool Analyst Matt Argersinger thinks most of the stock’s upside is due to a promise from CEO Mike Ullman that earnings will continue to get better, and that the holiday season looks good for the retailer. J.C. Penney has been in turnaround mode for quite a while now, which is why the company’s bottom line isn’t showing the same strength its top line has.
Despite the promise of a better tomorrow, Matt isn’t fully sold on J.C. Penney just yet, and will be waiting and watching to see how the company does after the holidays.

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Tags: JCP
8Comments
Nov 21, 2013 12:31PM
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I sure get sick and tired of MSN and others turning on my sound with loud speakers blaring the opinions of talking head idiots.
Nov 21, 2013 1:01PM
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J.P Morgan Chase settles mortgage fraud case for $ 13 billion ? Chase does not admit guilt in case  and $ 7 billion of fine is a Tax write off = SCREW THE PEOPLE !  WE THE BANKS ARE ABOVE THE LAW ! BUT YOU THE PEOPLE ARE NOT !
Nov 22, 2013 10:41AM
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JCP is the new Sears.  which means it'll flounder for the next few decades.  ups and downs will occur from computer betting.  that's all. 
Nov 21, 2013 1:31PM
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"DBACD", "DJPMD".......Right Vinnie.?
Nov 21, 2013 11:50AM
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JCP will follow the Sears model from here forward. 

 

nothing there folks.  move along

Nov 21, 2013 12:29PM
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JCP can be successful at what they do best - selling discount mid market merchandise. That's good for a recovery to $12-18 PS. But I'd sell covered calls just being careful.
Nov 21, 2013 11:20AM
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Dead cat bounce period!  Get out the fork JCP is toast.
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