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Dheeraj Grover
Dheeraj Grover
Articles (493) 

Bill Ackman Still Supports a Suffering J.C. Penney

June 20, 2012 | About:

Pershing Square founder Bill Ackman says in a telephone interview with Bloomberg today, “I 100% believe in the strategy” of J.C. Penney (NYSE: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

>

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

Rating: 2.8/5 (6 votes)

Comments

ramands123
Ramands123 - 5 years ago    Report SPAM


I like JCP too. However on relative basis price does not fully discount the turn around effort and time it may take to come back. It needs to be slightly below book value. Other than that i think Bill Achman and Ron Jhonson are more than capable to turn this around. This is not Sears which had to not only compete directly with online retailers but had to also deal with worst housing crises especially in its appliances business.

People dont buy clothes online , so fundamentaly JCP is not effected by any secular trends.

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