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?
Speaking of crossing the line...
ReplyDeleteThey 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.