JCP

J.C. Penney Company Inc.

Consumer, Event Driven/Special Sit


Presented:06/06/2013
Price:$18.16
Cap:$3.99B
Current Price:$0.13
Cap:$0.04B

Presented

Date06/06/2013
Price$18.16
Market Cap$3.99B
Ent Value$7.00B
P/E RatioN/A
Book Value$6.28
Div YieldN/A
Shares O/S219.90M
Ave Daily Vol20,410,000
Short Int18.04%

Current

Price$0.13
Market Cap$0.04B
J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates department stores. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings. It also provides various services, such as styling salon, optical, portrait photography, and custom decorating. As of February 2, 2013, it operated 1,104 department stores in 49 states and Puerto Rico. The company also sells its products through its Internet Website, jcp.com. The company was founded in 1902 and is based in Plano, Texas.

Highlights

JCP’s well publicized woes have created a buying opportunity in JCP’s shares. Despite the recent recovery off of multi-year lows, the presenter sees upside potential for shareholders as the company laps difficult comps and tries to recapture a portion of the 25% of sales it has lost over the last 6-12 months.

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Idea Discussion

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