J.C. Penney Stock Drops As Investors Worry About 4Q Comps

J.C. Penney Company, Inc. (NYSE:JCP) released a six line press release saying that it is “pleased with its performance for the holiday period, showing continued progress in its turnaround effort,” but instead of assuring analysts that all is well, the lack of detail has everyone convinced that same store sales (comps) were down in December, even if they are still up for the fourth quarter as a whole. Most analysts bearish on J.C. Penney “Our gut tells us that if J.C. Penney Company, Inc. (NYSE:JCP) had a good print in their back pocket – they would have disclosed it . ….