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DAD2

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DAD2

Re: ShakeNTake post# 3509

Tuesday, 02/04/2014 6:13:04 PM

Tuesday, February 04, 2014 6:13:04 PM

Post# of 43522
Calling for a base of $3 is the reason for the drop imo.

"Embattled retailer J.C. Penney (JCP) fell 60c, or 10.56%, to $5.08 despite reporting comparable store sales that grew 3.1% during the Holiday period. Deutsche Bank said it believes investors were expecting a positive low-single digit gain in same-store sales and it does not view today's press release as material to the J.C. Penney story, while Sterne Agee cut its price target on the retailer's shares to $3 from $9".
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