Seeking Alpha

"We have often described stock market volatility as an opportunity for Pershing Square," writes...

"We have often described stock market volatility as an opportunity for Pershing Square," writes Bill Ackman. He took advantage of August's "sale" of Fortune Brands (FO), Kraft (KFT), Family Dollar (FDO), and Citi (C) to add to his stakes, while opening 2 new (undisclosed) positions. Pershing also has received permission to up its JCPenney (JCP) stake.
Comments (1)
  • thor34
    , contributor
    Comments (100) | Send Message
     
    It seems as if JCP should go the way of Montgomery Wards. I started asking people I knew when the last time anyone had been to a JC Penny's. What is their market? If I am buying electronics-Best Buy, Appliances-Sears, New Lawnmower or tools-Walmart, clothes-not jcp.

     

    If the new CEO from apple think that consumers will have the (Ex charlies angel model-Jacquline Smith??) clothes flying off the shelves like I-pads, he may want to get paid up front.
    30 Aug 2011, 03:36 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|