J.C. Penney: Oh The Chaos!
Benzinga | Apr 12, 2013 12:02PM ET
Few retailers have been hit as hard as J.C. Penney ( , he said. We're looking for a decrease between current P/E ratios to forward P/E ratios. It's showing us it's going to have some growth. We're looking at forward earnings estimates. It was trading on Monday around 16 times current earnings and 5.5 times forward earnings. We like it. It has 22 percent projected five-year growth rate, 43 percent growth rate for 2013 and 31 percent growth rate for the current quarter.
Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis@benzingapro.com. Follow him @LouisBedigianBZ.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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