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.”
Voss Capital is betting on a housing market boom
The Voss Value Fund was up 4.09% net for the second quarter, while the Voss Value Offshore Fund was up 3.93%. The Russell 2000 returned 25.42%, the Russell 2000 Value returned 18.24%, and the S&P 500 gained 20.54%. In July, the funds did much better with a return of 15.25% for the Voss Value Fund Read More
Ackman owns 18% of JCP stock, and brought in Ron Johnson from Apple to turnaround the company.
The video is embedded below: