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In an interesting twist, J.C. Penney (JCP) CEO Ron Johnson took longtime critic (and former CEO)...

In an interesting twist, J.C. Penney (JCP) CEO Ron Johnson took longtime critic (and former CEO) Allen Questrom on a tour of a prototype store in Dallas last week in an effort to show the him the futuristic shop-in-shop look the retailer plans. Questrom hasn't comment publicly yet if his opinion of the retailer has been altered. Shares of JCP are a rare sight, adding 2.2% as the broad market capitulates.
Comments (5)
  • KnowsALot
    , contributor
    Comments (35) | Send Message
     
    So? They won't survive long enough to see it.
    5 Apr 2013, 10:00 AM Reply Like
  • Billybob207
    , contributor
    Comments (46) | Send Message
     
    Should buy before it returns to the 20's.
    5 Apr 2013, 10:50 AM Reply Like
  • GioTrader13
    , contributor
    Comments (52) | Send Message
     
    Well KnowsAlot spoken like an ex- employee.
    the reality is the JCP is not going to close its doors or go bankrupt anytime soon. This is a company with $900 million in cash Credit lines of 1.8 Billion and valuable commercial space. in a worst possible scenario with a JCP out of retail business they could still lease the space and make the company stock worth $40.00 a shs (as reported by ISI last month)
    Yes, JPC does have problems for sure; dated stores, outdated inventory, and an uphill battled to revitalize the franchise, but unlike what the lemmings on Wall Street would have you believe this company is “NOT” as good as dead. These are the same people that wrote off Netflix, Yahoo, HP, BestBuy’s….etc. and sold you Apple because it was going to @$1000.00. Give me a break, when was the last time any of these "experts" bought something at JC Penny?
    The stock is way oversold and any positive news is going to make it run up.
    Short Squeeze coming soon my friend
    5 Apr 2013, 11:06 AM Reply Like
  • modanco
    , contributor
    Comments (36) | Send Message
     
    I hope Johnson listened closely to EVERYTHING Questrom told him. Questrom is/was a retailer. Johnson is not.
    5 Apr 2013, 11:30 AM Reply Like
  • retailgirl
    , contributor
    Comments (123) | Send Message
     
    ...I hear taps.
    5 Apr 2013, 07:31 PM Reply Like
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