Belus Capital's Brian Sozzi Says J.C. Penney Could Be the Next 'Circuit City, Blockbuster or RadioShack' (JCP)

J.C. Penney (NYSE: JCP ) shares plunged in late day trading Wednesday on reports from The New York Post that CIT (NYSE: CIT ) was set to pull its inventory financing from the company. Pulling of this sort of financing would be nearly a kiss of death for