I joined Varney & Co. on Fox Business this morning to discuss the future of JCPenney (JCP) and JCP stock. Watch the latest video at video.foxbusiness.com JCPenney is having a rough go at it today, with JCP stock down more than 9% as of the time of this writing. The impetus for today’s thrashing appears to be the news...Read More

I was on CNBC this week to discuss battered retailer JC Penney (JCP), commenting that the company “is on an express train to oblivion.” Activist investor Bill Ackman is widely blamed for running the company into the ground, and the criticism is justified.  Ackman installed former Apple (AAPL) retail guru Ron Johnson as CEO, and...Read More

For a staid old department store with a 111-year-old history, JC Penney Company (JCP) has been in the news a lot this year, though not for any noteworthy operational developments; the retailer continues its slow march into irrelevance, and it’s not likely to change course any time soon. The headlines have mostly surrounded one particularly...Read More

This is the time of year for giving thanks, and we all have quite a bit to be thankful for.  Though we complain about having a divided country, we live in a place where power changes hands without violence.  And for all the angst about rising taxes, at least we live in a country where...Read More