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Ackman: We Can Make 15 Times Our Money on J.C. Penney

July 19, 2012 | About:
Dheeraj Grover

Dheeraj Grover

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Bill Ackman remains confident in his investment in retailer J.C. Penney, despite a year-to-date decline of nearly 44 percent.

Pershing Square, Ackman's $10 billion hedge fund, is the largest shareholder in J.C. Penney (JCP). He told the audience at the CNBC and Institutional Investor Delivering Alpha conference that he believes that the department store chain has the biggest potential upside of any company in Pershing Square's portfolio.

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About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

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