Tuesday, October 21, 2014

It Ain't Love But It Ain't Bad

They - you know who you are - say that if we liked J.C. Penney (NYSE:JCP) at $11.06, we should love it at $7.09. Well, it ain't love but it ain't bad, as the old 1970s country and western song goes.
When we visited Penney a month ago and deemed it worthy of speculation, the stock was trading at the aforementioned entry point. Since then, after a ballyhooed analyst meeting backfired and expectations were lowered, the stock was taken out and summarily shot (Click here to read more).

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