JCP trades at a forward price to earnings (P/E) ratio of 16, which is near the top of its historic P/E range while revenue is flat year over year with good margin michael kors online outlet growth. Analyst targets for JCP are in the mid $30s to $40, so there is not much upside from current levels. MFP also has a large $18 million position in McGraw Hill Companies (MHP), a publisher of information products for the education, financial services and business information markets worldwide.
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