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J. C. Penney Company, Inc. Message Board

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  • pmoishe pmoishe Oct 27, 2011 5:51 PM Flag

    JCP Turnaround

    JCP has been carried along with this market and definitely gotten ahead of itself. It is a good turnaround story. Ron Johnson might be the best retail guy in the country and his new #2 guy from Target is very strong also. If anyone can turn this moribund franchise around, they can. But, it is a multi-year play and certainly NOT a trade at these levels. BUY any significant pullback and just put it away for a few years. It won't be a 10 bagger but a good solid single or double.

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