The Future K-Mart

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In early 2007, JC Penney (which had already been out of style for many, many years) was nearly an $80 stock and was one of the darlings of the retail sector. Lately, of course, things haven’t looked so good for the erstwhile purveyor of polyester, and it got as low at $6.24. It has risen mightily recently, but I think this bounce will run out of gas soon, and this year’s lows will be taken out in early 2014.

1129-jcp

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