Read The Part Of Bill Ackman's Investor Letter Where He Talks About Taking A Bath On JC Penney (JCP)
Hedge fund titan Bill Ackman, the founder and CEO of Pershing Square Capital Management, is still making a bullish case for JCPenney even though his hedge fund is taking a beating on that investment. Pershing Square's investment in J.C. Penney has cost them "more than nine percentage points of gross...
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