Retailer J.C. Penney‘s (JCP) shares have stayed level so far in 2014. Of course, the stock has got up an impressive 72% since the end of February, fueled by a couple of impressive quarterly results. Penney has beaten analysts’ estimates comprehensively in the last couple of quarters, signifying that its turnaround is solidly on track. Mike Ullman is pulling the right strings, and investors have preferred Penney’s recuperation.
On the other hand, will the stock continue rising proceeding? Chances are that it may scale new highs as Penney’s strategies look sound, and it should continue showing signs of change. We should see why.
Strategies yielding results
J.C. Penney is re-trying itself in three stages. The first is the stabilization phase, imitated by the adjusting phase in the third and fourth quarters of last year. The last stage is the go-ahead phase, in which J.C. Penney is continuously positioned for profitable improvement in the long run.
— Guru Focus