The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill and analysts Jason Moser and Bill Barker discuss the top business and investing stories of the day.
After 17 months as the CEO of J.C. Penney (NYSE: JCP ) , Ron Johnson has stepped down from his post at the struggling retailer. Johnson will be replaced by former CEO Myron E. "Mike" Ullman III. Was Johnson dealt a bad hand or did he just play it poorly? What can J.C. Penney do to reverse its fortunes? In this installment of MarketFoolery, our analysts discuss the company's future.
J.C. Penney's stock cratered under Ron Johnson's leadership, but could new CEO Mike Ullman present the opportunity investors have been waiting for? If you're wondering whether J.C. Penney is a buy today, you're invited to claim a copy of The Motley Fool's must-read report on the company. Learn everything you need to know about Penney's turnaround -- or lack thereof. Simply click here now for instant access.
The relevant video segment can be found between 0:16 and 8:17.