The following video is from Friday's Motley Fool Money roundtable discussion, with host Chris Hill, and analysts Ron Gross, Jason Moser, and Charly Travers.
After 17 months as CEO, Ron Johnson is out as CEO of J.C. Penney (NYSE: JCP ) . This week, the retailer announced that former CEO Mike Ullman would replace Johnson in the top spot. Under Johnson, J.C. Penney lost customers, sales, and half its market cap. Shares hit a new 52-week low in the wake of Johnson's departure. In this installment of Motley Fool Money, our analysts discuss whether investors should take stock in the embattled retailer.
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 segment can be found between 12:15 and 14:41