Boston, MA 01\/02\/2014 (wallstreetpr) – Ask anyone and they will tell you that J.C. Penney Company, Inc. (NYSE:JCP) is today far better than it was over the past half-year. But the question is whether the company can continue its noted growth in 2014. More importantly, we can ask if the company has any opportunities in 2014 to play into its turnaround efforts.<\/p>\n
There is no question that investors agree with what CEO Mike Ullman has been doing since he returned to the company. In directing the J.C. Penney Company, Inc. (NYSE:JCP) ship to safer waters, the company needed to earn investor confidence and this has been achieved so far. However, it is important to note that some hedge funds which supported the company\u2019s turnaround and even landed positions in the board have exited the stock. This means that while things are looking positive for the company, there is still a lot of ground to be covered.<\/p>\n
How quick J.C. Penney Company, Inc. (NYSE:JCP) covers the remaining ground to start turning profits depends on how remaining big investors and customers behave. Moreover, even competitors have a part to play in decided how fast the company recovers from its present huge losses.<\/p>\n
Recovery factors<\/b><\/p>\n
Stakes are high for J.C. Penney Company, Inc. (NYSE:JCP) presently and the more it receives negative press coverage the slow its recovery becomes. In this case, if yet another of the remaining hedge funds in the stock exits, it would be bad for its recovery as people may begin thinking that there is far too many troubles in the company than already known.<\/p>\n
The recent insider purchase by CEO has also not had some big impact in the stock. It is hoped that its full effect will come when the company announces its Christmas holiday performance.<\/p>\n
Still positive figures for the Christmas holiday performance will be an important pull to bring or return lost customers to the store. Customers are visibly not tired buying from J.C. Penney Company, Inc. (NYSE:JCP), except that the company needs to prove that it would not alienate them again once they are back to the fold.<\/p>\n
Competitors<\/b><\/p>\n
What competitors do or fail to do over the coming months will decide how quick J.C. Penney Company, Inc. (NYSE:JCP) recovers. Stronger competition fronted by big discounts and offers plus brutal promotions can prove tough for the company\u2019s recovery. However, if competitors relax their market offensive, that would offer opportunity for J.C. Penney Company, Inc. (NYSE:JCP) to reach the customers without further buying a lot of money.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 01\/02\/2014 (wallstreetpr) – Ask anyone and they will tell you that J.C. Penney Company, Inc. (NYSE:JCP) is today far better than it was […]<\/p>\n","protected":false},"author":32,"featured_media":13340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[1753,685],"stock_ticker":[],"class_list":["post-13339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-j-c-penney-company-inc-nysejcp","tag-nysejcp","entry"],"acf":[],"yoast_head":"\n