Best Buy (BBY - Get Report). Radio Shack (RSH). J.C. Penney (JCP - Get Report). All three stocks stay somewhat afloat in the same boat. What needs to happen is quite clear, at least at Best Buy. It needs to hire a young and innovative CEO -- I put my confidence and vote behind one of the company's new executive hires, Stephen Gillett -- who can look into the heart of a hurricane, tear the company apart and put it back together again. Best Buy, Radio Shack and J.C. Penney will all cease to exist in five years or less without the type of change most of us cannot even imagine.
Behind closed doors, I can't think that Ron Johnson is anything but embarrassed about what he has done at J.C. Penney. He introduced a new pricing strategy. Whether it stunk up the joint or not is beside the point. There's a much larger and more significant issue that just about all of the media and most investors have ignored. It's easy to sum up: Is that all he's got?. Not using the word "sale" and floating a couple gay- and lesbian-friendly ads hardly comprises a turnaround worthy of a former Apple (AAPL) retail executive. Do I have to say anything about Radio Shack? I didn't think so. Walk into one of its stores. Try to contain your laughter. At least wait until you're out of the view of one of the company's beaten-down sales executives. I could soak up more inspiration spending time on Death Row than in a Radio Shack store. Don't fall for the sales pitches that try to get you to go long these five sucker stocks -- SIRI, NFLX, BBY, RSH, JCP -- and others. Nine times out of 10, the folks selling that sunshine are trying to salvage an underwater position they should have closed a long time ago. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.. Follow @RoccoPendola