After falling some 60% over the past 12 months, even the most bearish J.C. Penney (JCPN.Q) naysayers have to start wondering if this is a stock that's worth more dead than alive. With a huge portfolio of real estate to sell, and a relatively large cash balance, J.C. Penney may be worth another look for the value-minded investor out there.
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This company may be too cheap to ignore now.
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