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

12:15 PM ET Fri, 27 Sept 2013

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.