J.C. Penney: Does George Soros Use The CAPE Ratio?

The Cape Ratio Weekly, the newsletter from http://www.caperatio.com, says legendary investor George Soros probably uses some form of the CAPE Ratio himself (of course, supplemented with other analysis) when he makes a key investment. This was in the context of J.C. Penney Company, Inc. (NYSE:JCP), which the newsletter points out has the lowest positive CAPE ratio value of 3.95 in the S&P 500 (computed when the limping retailer traded at $8.00). History could repeat itself In an interesting observation, Caperatio.com says, “On December 20, 2000 the CAPE value was at 3.15 while the price held at $8.75. Same as now,…