J.C. Penney (NYSE: JCP ) stock skyrocketed last week after news leaked that Soros Fund Management had taken a big stake in the struggling retailer. And yes, with Penney selling today for close to book value, and a price-to-sales ratio less than half what rivals Kohl's (NYSE: KSS ) and Macy's (NYSE: M ) charge, you can see what might have attracted George Soros' attention.
Problem is, Penney is cheap for a reason. Several reasons, actually. Listen in, as Fool contributor Rich Smith lays them out for you...
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