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?
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1 comment:

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.

November 11, 2016 at 9:02 AM

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