After falling some 60% over the past 12 months, even the most bearish J.C. Penney (NYSE:JCP) naysayers have to start wondering if this is a stock that's worth more dead than alive. With a huge portfolio of real estate to sell, and a relatively large cash balance, J.C. Penney may be worth another look for the value-minded investor out there. 

Austin Smith, Eric Bleeker, CFA, and The Motley Fool have no position in any of the stocks mentioned. 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.