J.C. Penney Disruptive Turnaround May Cause $1 Billion Cash Burn

J.C. Penney Company, Inc. (NYSE:JCP) has been fighting to reinvent itself, but with Bill Ackman completely selling off his stake last month (and eating $410 million in losses), most analysts are bearish. Bernard Sosnick at Gilford Securities thinks the potential upside outweighs the risk of buying J.C. Penney right now.

August is supposed to be a big month for J.C. Penney

“We believe J.C. Penney Company, Inc. (NYSE:JCP) is stabilizing, glimmers of a turnaround will be evident soon and the stock’s upside potential exceeds downside risk,” he writes. August is supposed to...