Vornado, one of the eight largest shareholders in J.C. Penney (NYSE:JCP), could be set to sell 10 million shares, according to an unconfirmed source. This has shares of J.C. Penney down today amid the unfolding drama between it and Macy's (NYSE:M) and the deal that Martha Stewart Living (NYSE:MSO) made with each, which has Macy's CEO Terry Lundgren up in arms. Blake tells investors which of the players in this story stand to lose the most from the conflict and gives us some key things to consider when forming an investing thesis on J.C. Penney.
Blake Bos has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. 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.
More from The Motley Fool
Why J.C. Penney Stock Growth is No Sure Thing
The company has reported some good news, but it's just a start.
Some Struggling Retailers Had a Happy Holiday Season
A few chains have reported on their November and December sales, and the news is good.
Can J.C. Penney Stock Keep Going After Last Week's 14% Pop?
Strong retail industry sales trends help push the department-store chain higher, even though J.C. Penney itself is sticking to its earlier reduced fiscal-year guidance.