AFA: We Killed JCP's Stock Price
The American Family Association continues their gleeful jig over JCP's stock slide. The company has been in trouble for years, but the AFA is, of course, taking credit.
Simply put, people are not shopping at J.C. Penney. AFA and OneMillionMoms are showing success in the effort to educate people to Penney's aggressive national campaign to promote "gay" marriage. The company is going downhill fast. Since February, the company stock has lost more than half its value, and Standard & Poor's Ratings Services lowered its credit rating on J.C. Penney Co. further into "junk" status. First-year CEO Ron Johnson's decisions have led to disastrous results for the company. Rather than build on the faith-based traditions of founder James Cash Penney, Johnson has abandoned family values and taken the company into a financial tailspin by embracing social activism. Families are the backbone of Penney's existence. As long as it pushes homosexual marriage, families will go elsewhere.