1 Answers: Do you think that buying stock in JCPenney for $1.30 a share is a good buy?

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Question: Do you think that buying stock in JCPenney for $1.30 a share is a good buy?

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Anonymous 8 months 1 Answer 59 views 0

Answer ( 1 )

  1. It may be a good buy actually. It is trading at about 15% of what it was just two years ago and really how much lower can it go?
    Unless I am missing something and they have issued a great number of shares of something of that nature. Because it seems to me that this is a very low price for a good company, but I have not done any technical analysis I am just viewing this from a fundamental perspective.

    More investigation needed, looks like it could be a good stock to stick a bit of money into, maybe 5k? See how it goes and then add more if progress seems good, otherwise if it goes down hold long.

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