Wall Street Signals to J. C. Penney (JCP) CEO - 'Your Policy Sucks'

Go back to Wall Street Signals to J. C. Penney (JCP) CEO - 'Your Policy Sucks'

Oppenheimer Says JCPenny (JCP) Turnround Taking Shape

October 12, 2012 1:14 PM EDT

Recently JCPenney (NYSE: JCP) CEO Ron Johnson surprised Wall Street when he announced he was distributing $10 gift cards. Given Johnson's new everyday low price strategy, some investors were confused by the announcement. Others were disappointed.

"In our view, behind lots of noise,... More