Everyone Hates J.C. Penney, but I Like It
J.C. Penney's (JCP) stock has run off the road. It is down more than 57% from Feb. 9, this year's high, through Friday. You can hear the murmurs getting louder.
Will vendors stop supplying Penney or charge onerous terms to keep its deliveries coming? Will the company's layoffs -- thousands of in-store employees and hundreds at the home office -- result in slower service? If so, will that further crimp customer traffic, which is already disappointing?...398 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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