Time to Double Down on J.C. Penney?

The following video is from Thursday's MarketFoolery podcast, in which host Chris Hill, along with analysts Matt Argersinger, Andy Cross, and Bryan Hinmon, discuss the top business and investing stories of the day.

Activist investor Bill Ackman took a big stake (18%) in J.C. Penney (NYSE: JCP  ) , pushed for the company to hire Ron Johnson as CEO, and backed Johnson publicly. So how does Ackman feel now that Ron Johnson has been fired? In an interview with Women's Wear Daily, Ackman said that he's digging in with his J.C. Penney stock and isn't going anywhere. Should investors follow Ackman's lead and take stock in the embattled retailer? In this installment of MarketFoolery, our analysts discuss the future of J.C. Penney.

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 JCP's turnaround -- or lack thereof. Simply click here now for instant access.

The relevant video segments can be found between 11:58 and 17:17.

For the full video of today's MarketFoolery, click here.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2359808, ~/Articles/ArticleHandler.aspx, 7/28/2014 2:33:30 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement