Wednesday, October 30, 2013

J. C. Worth a Penny!

http://www.bidnessetc.com/business/
J. C. Penney Company Inc. (JCP) is a chain of over 1,100 department stores that sell apparel, electronic and furnishing products all over the US. The company was founded in 1902, incorporated in 1913, and at one point employed Walmart’s (WMT) founder Sam Walton.

But with its best days behind it, JCPenney has recently seen its performance drop to all-time lows following successive restructuring failures. Its stock price is down 50% year-to-date (YTD), and investors have increasingly started questioning its chances of survival. Read More: JCP, M, WMY

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