Bill Ackman Not Throwing In The Towel On J.C. Penney (JCP)

(via www.marketfolly.com)

After sales plunged at J.C. Penney, Bill Ackman of Pershing Square Capital appeared on CNBC to talk about his investment.  He has stressed in the past that he's in this investment for many years as the company is a turnaround story.

Ackman originally purchased his stake around $25 and the...

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