J.C. Penney's Big-Money Departure
The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill, as well as analysts Jason Moser and Eric Bleeker, discuss the top business and investing stories.
Shares of J.C. Penney plummeted today on news that its second largest shareholder, Vornado Realty Trust, is selling almost half of its stake in the company. In this installment of MarketFoolery, our analysts discuss what it means for investors.
J.C. Penney has been a train wreck whose comeback always seems just around the next earnings corner, but investors are beginning to doubt if CEO Ron Johnson can weave the same magic that he did at Apple. If you're wondering whether J.C. Penney is a buy today, you're invited to claim a copy of The Motley Fool's must-read report on the company. Learn everything you need to know about JCP's turnaround-or lack thereof. Simply click here now for instant access.
The relevant video segment can be found between 5:55 and 11:04.
The article J.C. Penney's Big-Money Departure originally appeared on Fool.com.Chris Hill, Eric Bleeker, CFA, and Jason Moser have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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