Too Much, Too Fast at JCPenney (JCP)? Ackman Thinks So...
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JCPenney (JCP) Could Take Another Hit on Huge Martha Stewart Inventory Pile
April 8, 2013 8:23 AM EDTJCPenney's (NYSE: JCP) worries are far from over.
According to the NY Post on Monday, the tussle over an agreement with Martha Stewart Omnimedia (NYSE: MSO) has JCPenney up in arms...and preparing for the worst. Sources said that JCPenney is scrambling to procure non-Martha... More
JC Penny (JCP) CEO Attempts to Charm the Devil
April 5, 2013 11:45 AM EDTRon Johnson will do anything to turn J. C. Penney (NYSE: JCP) around. He would even attempt to charm the devil, or so it seems. This afternoon Johnson broke bread with one of his biggest critics, former CEO Allen Questrom, giving him a formal... More
UPDATE: Gilford Securities Upgrades J. C. Penney (JCP) to Neutral
April 4, 2013 2:51 PM EDT(Updated - April 5, 2013 10:39 AM EDT)
JCPenney (NYSE: JCP) is up on the session amid broader market pressure stemming from jobs data earlier.
Thursday afternoon, Gilford Securities issued an upgrade on the retailer to Neutral from Sell. Analyst Bernard Sosnick made three key points in his call: reduced clearance items, the... More
Bill Ackman Finds a Friend on J. C. Penney (JCP)
November 21, 2012 12:15 PM ESTIn what promised to be one of the biggest turnarounds in corporate history with the hiring of Ron Johnson as CEO of J. C. Penney (NYSE: JCP), has turned into an unmitigated disaster: Comps down an unthinkable 26% in Q3 and expected to be down ~21% in Q4, net loss of $0.93/sh. in Q3 and EPS expected to be down over 50% in Q4, cash position down to ~$520M from ~$1.5B, credit downgrades and spiking debt yields. However, through it all hedge fund manger... More
