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Bill Ackman Still Supports a Suffering J.C. Penney

June 20, 2012 | About:
Dheeraj Grover

Dheeraj Grover

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Pershing Square founder Bill Ackman says in a telephone interview with Bloomberg today, “I 100% believe in the strategy” of J.C. Penney (JCP) and that he is "very comfortable’’ with CEO Ron Johnson handling marketing. Sheila Dharmarajan and Mark Crumpton investigate what's going on with J.C. Penney's stock on Bloomberg Television's "Bottom Line."

Here is the video recap by a Bloomberg journalist on what he said:

http://bloom.bg/NNxE8T


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