J.C. Penney Does It Again

By Chris Hill – Sep 27, 2013 at 5:37PM

OTC: JCPN.Q

J.C. Penney

Desperation is the only reason J.C. Penney would make a move like this now.

The following video is from Friday's Investor Beat, in which host Chris Hill, and Motley Fool Supernova analyst Matt Argersinger, dissect the hardest-hitting investing stories of the day.

Shares of J.C. Penney (JCPN.Q) fall hard yet again today, as the company announces plans to sell 84 million new shares, which will dilute current shareholders by 38%. In today's lead story on Investor Beat, Matt gives his opinion on why J.C. Penney would issue new shares when the stock is at a 13-year low, and discusses his thoughts on the future of the company.

Also, Matt and Chris discuss the potential coming government shutdown in Washington D.C., and how investors should plan as the story develops.

Chris Hill has no position in any stocks mentioned. Matthew Argersinger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.