Jcp stock buy or sell

Last week, JC Penney announced a 25 percent drop in sales and ditched superstar CEO Ron Johnson. Indeed, things at JC Penney are bad.

The discount retailer's stock price is down 50 percent from when Johnson took the job in November At this rate, the company reportedly doesn't even have enough cash to continue operating beyond year's end. But as the brand strategizes its return, many investors are wondering if they ought to jump on Penney's bandwagon while the stock is languishing.

After all, if JC Penney does bounce back — a big if, of course — its stock price seemingly has nowhere to go but up. JC Penney certainly isn't wasting anytime in plotting its turnaround. Other ways JC Penney may raise cash: The retailer is also figuring out how to get sales rolling again. One of Johnson's most controversial moves as CEO was scrapping coupon-clipping promotions, and rapidshare stock market books company is doing an about-face jcp stock buy or sell that he's gone.

That could pay off. Walter Leob of Forbesfor one, believes that "former customers will respond favorably to the promotions as J.

Penney signals it has returned to a value driven stance.

That said, things still look pretty desperate for JC Penney. Should you play J. Penney for the bounce, as CNBC suggested Friday, or put up your hands and slowly back away?

Promedica health system inc.

v. federal trade commission Najarian, co-founder of OptionMonster. But Stephen Weiss, managing partner at Short Hills Capital, disagreed: But while things are tumultuous, Penney's stock isn't a bad pick for "the trade," he said — meaning that you buy it, wait for a short-term price spike, then sell.

Opinion Features Speed Reads 5 THINGS TO KNOW Popular Authors Magazine. Politics Business Tech Science Arts Books Life Photos Podcasts Video Cartoons Quizzes Puzzles Newsletters Shop.

Top 3 Reasons To Buy J.C. Penney Now - J.C. Penney Company Inc. (NYSE:JCP) | Seeking Alpha

THE IDEA FACTORY PROSPER. Subscribe Give a gift Digital subscription.

JC Penney stock has halved in value over the last year or so. The good news newsletter.

Check JCP stock rating before trading J C Penney Company Inc

The week's best photojournalism. Try 4 Risk-Free Issues of The Week magazine. Try 4 Risk-Free Issues. More from Carmel Lobello See All. Why more men need to take paternity leave Carmel Lobello.

Watch a year-old girl's video pitch for a disabled American Girl doll Carmel Lobello. The death penalty is going out of style Carmel Lobello. Most popular See All. Why I moved my kids out of America Wendy DeChambeau. Uber CEO Travis Kalanick resigns Catherine Garcia. King Salman names his son as Saudi Arabia's new crown prince Catherine Garcia. Plus — receive instant digital access.

Subscribe Subscriber login Give a gift Back issues Classroom subscriptions Newsletters RSS.