J.C. Penney Does It Again
Sep 27th 2013 5:37PM
Updated Sep 27th 2013 5:38PM
The following video is from Friday's Investor Beat, in which host Chris Hill, and Motley Fool Supernova analyst Matt Argersinger, dissect the hardest-hitting investing stories of the day.
Shares of J.C. Penney fall hard yet again today, as the company announces plans to sell 84 million new shares, which will dilute current shareholders by 38%. In today's lead story on Investor Beat, Matt gives his opinion on why J.C. Penney would issue new shares when the stock is at a 13-year low, and discusses his thoughts on the future of the company.
Also, Matt and Chris discuss the potential coming government shutdown in Washington D.C., and how investors should plan as the story develops.
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The article J.C. Penney Does It Again originally appeared on Fool.com.Chris Hill has no position in any stocks mentioned. Matthew Argersinger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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