JCP, Speculative or come back in the making?
Although I must recognize that at first, when I started seeing the headlines on regarding the performance of J.C. Penney (NYSE: JCP), I was more inclined to short the stock thinking that the company was over for good. That changed after I placed the stock under my radar and looked at it more closely for signs of improvement or a major catastrophe. After at least 2 months since I started following this company I decided to go through the 2011 10-K and the latest 3 quarterly results to get a better picture of the fundamentals of the company and try to understand the transformation it is going through right now. In order to be able to understand it better I visited one of their stores in south Texas and I was quite impressed with the changes I was able to witness at such particular store. I want to lay out my analysis in different parts in order for us to get a better picture of the whole story and not only relying on headlines or rumors. So here it is: Management. J.C. Penney...