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If I had a chance I'd short JC Penney: Pro

Friday, 27 Sep 2013 | 12:15 PM ET

JC Penney shares are down sharply after the company raised $1 billion through a new stock offering. CNBC's Scott Wapner breaks down the retailer's problems. And Tom Stemberg, The Highland Consumer Fund and former CEO of Staples, shares his play on the troubled retailer.