I'm pretty sure it means there are a whole lot of people that are really not happy with the performance of a company that had a stock go from the 30's to single digits in less than two years and is quickly becoming the next candiate for Out of Business sign sales.
Buffet says thats means time to buy
Actually he said no such thing - - - the closest thing that he really said that applies to JCPenney is - - - - - - - -
Buffett:”Turnarounds” seldom turn. Be in a good business purchased at a fair price than in a poor business purchased at a bargain price!