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J.C. Penney's Best Hope

By Chris Hill - Apr 9, 2013 at 6:30PM

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After 17 long months, J.C. Penney's CEO steps down.

The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill and analysts Jason Moser and Bill Barker discuss the top business and investing stories of the day.

After 17 months as the CEO of J.C. Penney (JCPN.Q), Ron Johnson has stepped down from his post at the struggling retailer. Johnson will be replaced by former CEO Myron E. "Mike" Ullman III. Was Johnson dealt a bad hand or did he just play it poorly? What can J.C. Penney do to reverse its fortunes? In this installment of MarketFoolery, our analysts discuss the company's future.

The relevant video segment can be found between 0:16 and 8:17.

For the full video of today's MarketFoolery, click here.

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Stocks Mentioned

J. C. Penney Company, Inc. Stock Quote
J. C. Penney Company, Inc.
JCPN.Q

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