Business

Bill Ackman J.C. Penney Company, Inc. (JCP) Full Presentation

Bill Ackman J.C. Penney Company, Inc. (JCP) Full Presentation

 

Bill Ackman, CEO of Pershing Square Capital,  pitched J.C. Penney Company, Inc. (NYSE:JCP) as one of his favorite investments, at the  Ira Sohn Conference last week. Ackman has been implementing many changes at the company as an 18% shareholder, and a member of the board. He is trying to create a mall within a mall. Ackman believes that the stock which is trading at $26, could be worth up to $315 a share, using a 12x earning multiple, assuming  Store growth, and share buybacks.

We have just obtained the full presentation.  Readers can view it below in Scribd:

AckmanJCP

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