Other Retail Stocks To Consider (M, JCP)

J. Crew Group, Inc. JCG just announced it was being acquired by TPG Capital and Leonard Green for $43.50 in cash, a 15% premium to where shares closed yesterday. Some other retail companies that might be strong positions to go long are Macy's M and J.C. Penney JCP. Macy's has been a tremendous turn around play since 2008, and the stock has performed tremendously. The stock was around $8 per share late in 2008, and is currently trading around $26 per share, up more than 300%. Management, led by CEO Terry J. Lundgren, has rolled out the My Macy's campaign, and this has been credited with turning the company around. Another idea to consider is J.C. Penney. The century old retailer has recently been in the news over Bill Ackman's 16% stake in the company, combined with Vornado's VNO near 10% stake. These two investors want JCP management to do something with its real estate, given that JCP owns all of it. Reports have speculated that a potential leasing of the land, instead of owning it, would add incrementally to EPS, and boost shares of the retailer. Disclosure: no positions in any companies mentioned