Bill Ackman 100% Confident in $JCP [Video]


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

Ackman owns 18% of JCP stock, and brought in Ron Johnson from Apple to turnaround the company.

The video is embedded below: