J.C. Penney Disruptive Turnaround May Cause $1 Billion Cash Burn
J.C. Penney Company, Inc. (NYSE:JCP) has been fighting to reinvent itself, but with Bill Ackman completely selling off his stake last month (and eating $410 million in losses), most analysts are bearish. Bernard Sosnick at Gilford Securities thinks the potential upside outweighs the risk of buying J.C. Penney right now.
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