J.C. Penney (JCP +0.00%) 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 (KSS 2.82%) and Macy's (M +0.40%) 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...