Is J.C. Penney on Sale?
The following video is from Tuesday's Investor Beat, in which host Chris Hill and analysts Jason Moser and Bill Barker dissect the hardest-hitting investing stories of the day.
Shares of J.C. Penney fell more than 12% on Tuesday. On Monday, the retailer announced that CEO Ron Johnson will be replaced by former CEO Myron E. "Mike" Ullman III. What can Ullman do to reverse the retailer's fortunes? Should investors buy stock in J.C. Penney? In this installment of Investor Beat, our analysts discuss the future of J.C. Penney. That story, plus a recap of today's Dow performance.
J.C. Penney's stock cratered under Ron Johnson's leadership, but could new CEO Mike Ullman present the opportunity investors have been waiting for? 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 Penney's turnaround -- or lack thereof. Simply click here now for instant access.
The relevant video segment can be found between 0:17 and 3:04.
The article Is J.C. Penney on Sale? originally appeared on Fool.com.Bill Barker, Chris Hill, Jason Moser, and The Motley Fool have no position in any of the stocks mentioned. 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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