J.C. Penney (JCP +0.00%) is up more than 8% today after mixed earnings, which included positive same-store sales growth of 1% but a miss on earnings. Motley Fool Analyst Matt "The Pirate" Argersinger thinks most of the stock's upside is due to a promise from CEO Mike Ullman that earnings will continue to get better, and that the holiday season looks good for the retailer. J.C. Penney has been in turnaround mode for quite a while now, which is why the company's bottom line isn't showing the same strength its top line has. Despite the promise of a better tomorrow, Matt isn't fully sold on J.C. Penney just yet, and will be waiting and watching to see how the company does after the holidays.
What Did J.C. Penney Do Right?
By Mark Reeth and Matthew Argersinger – Nov 20, 2013 at 3:32PM
OTC: JCPN.Q
J.C. Penney
Shares of J.C. Penney are up today on the promise for a better tomorrow -- but is that enough for investors to get in now?
About the Author
Mark Reeth wasn't born incredibly handsome, like so many are--he had to work hard to get to where he is today. Thankfully, through much blood, sweat, and hair products, Mark Reeth is now one incredibly good-looking Consumer Goods Editor. But Mark Reeth wasn't born a Consumer Goods Editor--he started as a writer for Fool.com, became a Blog Editor, and now loves reading all the latest Consumer Goods news. If you want to read all the latest Consumer Goods news, follow him on Twitter @ChristmasReeth.