Carson Block: J.C. Penney Could Be a Buy [VIDEO]

Carson Block, founder of Muddy Waters Research, discusses short-selling strategies and the ouster of J.C. Penney & Co. Chief Executive Officer Ron Johnson. Carson Block speaks with Stephanie Ruhle and Erik Schatzker on Bloomberg Television’s “Market Makers.” Block issues veiled criticism of Ron Johnson, but notes that J.C. Penney could be a buy from a long perspective. However, for now the firm is sticking to shorts. He says that the firm was short Nu Skin for a while, Dan Loeb has/had short position in the firm.

The video is embedded below: