JC Penney in trouble?

JC Penney (JCP) has seen a long fall due to Bill Ackman ruining the company, alienating their existing customers. Now that he's gone and some investors expecting the company to fail even more, it could be a good time to jump in now that it is below $8. The real estate ownership of JCP is about $15 a stock so that would mean almost a 100% profit!