George Soros Is Going to Lose a Lot of Money on This One
J.C. Penney stock skyrocketed last week after news leaked that Soros Fund Management had taken a big stake in the struggling retailer. And yes, with Penney selling today for close to book value, and a price-to-sales ratio less than half what rivals Kohl's and Macy's charge, you can see what might have attracted George Soros' attention.
Problem is, Penney is cheap for a reason. Several reasons, actually. Listen in, as Fool contributor Rich Smith lays them out for you...
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The article George Soros Is Going to Lose a Lot of Money on This One originally appeared on Fool.com.
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