JCPenney is having one of its best days in quite a while as the stock price pops on new merchandise, the return of sales and a rumor of an REIT-like transformation.
Its stock has quite cratered as a result of not being paid for merchandise that was accepted in prior quarters as well as the goods that were turned away at the gates of its plants in March.
Mixed in with the opportunistic merchandise are 600 items that the store manager must keep always in stock, like batteries, mouthwash and cotton balls.