George Soros Is Going to Lose a Lot of Money on This One

J.C. Penney (NYSE: JCP  ) stock skyrocketed last week after news leaked that Soros Fund Management had taken a big stake in the struggling retailer. And yes, with Penney selling today for close to book value, and a price-to-sales ratio less than half what rivals Kohl's (NYSE: KSS  ) and Macy's (NYSE: M  ) charge, you can see what might have attracted George Soros' attention.

Problem is, Penney is cheap for a reason. Several reasons, actually. Listen in, as Fool contributor Rich Smith lays them out for you...

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  • Report this Comment On April 30, 2013, at 6:33 PM, Medicalrecordman wrote:

    Rich, have you taken a look at the clothes you're wearing in this video ? Seriously dude, go to JCP and let them pick out a few clothes for you. Won't cost you over $100 for about 3 outfits.

    Also do your homework, I did a store check yesterday (again) with a JCP store manager and you have no idea what's going on. The new store remodel is great and it WILL bring back customers.

    Cover your short and buy some clothes.

  • Report this Comment On April 30, 2013, at 10:50 PM, BailOut4All wrote:

    LOL, coming from a guy that looks like he's borrowed his parents spare bedroom to report his analysis and opinion. Judging from his clothing, looks like he just left the dry goods store on the western frontier. Listening to this analysis, nothing a book keeper couldn't have discerned by examining the SEC financial statements. My money is on Soros.

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