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.”
Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More
Ackman owns 18% of JCP stock, and brought in Ron Johnson from Apple to turnaround the company.
The video is embedded below: