J.C. Penney was one of the more tumultuous stocks in 2012. Plenty of investors have written off the stock, but that doesn't mean it's without good reasons to buy. In the following video, we look at the investing thesis behind the venerable retailer, and what could it mean if CEO Ron Johnson's turnaround strategy begins to pan out.

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Isaac Pino has no position in any stocks mentioned. Jeremy Bowman owns shares of Apple. The Motley Fool recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.