Friday, November 11, 2016

J.C. Penney's "Surprising Decline"

November 11, 2016
J.C. Penney reports worse-than-expected sales

J.C. Penney Co. posted a surprising decline in sales, citing softness in apparel, and lowered a key sales metric.

What they don't tell you as a bargain hunting retail investor, is that the department store industry's 16-year-old falling knife is rusty. Got steel glove and/or tetanus shot?

2 comments:

mab said...

What they don't tell you...

You crossed the line! That's cruel. Bully!

Stagflationary Mark said...

Speaking of crossing the line...

They also don't tell you that the enemy of my enemy's enemy is probably not my friend's friend!

I found that one out the hard way when I invested in the Ultra-Long Enemy of My Enemy's Enemy Fund.