Is J.C. Penney the worst company in America today? In this video, Austin Smith makes the case that it isn't -- which is not to say that it's a worthwhile investment. Austin also offers his opinion on Ron Johnson, the CEO who was supposed to save J.C. Penney from oblivion.

Austin Smith and Jeremy Phillips own shares of Apple. The Motley Fool recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.