What's the 'REIT' Option for JCPenney (JCP)? Lowered Expectations...

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Go back to What's the 'REIT' Option for JCPenney (JCP)? Lowered Expectations...

Don't Believe the J. C. Penney (JCP) REIT Conversion 'Fairy Dust' - Analyst

March 19, 2013 12:25 PM EDT

Those holding their breath for a J. C. Penney (NYSE: JCP) REIT conversion should stop, according to the latest commentary from Gilford Securities.

Analyst Bernard Sosnick called the latest talk about converting the best 300 J.C. Penney stores into REITs, lease the space and voila--$40 per share is "fairy dust" and he said "more than a few things have to be taken into consideration... More

JCPenney (JCP) May Just Have the 'REIT' Solution for Better Valuation - Analyst

March 18, 2013 8:54 AM EDT

JCPenney (NYSE: JCP) may be able to drive some near-term upside in its stock, but not necessarily from retail sales.
... More