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Soros Fund Management reports holding a new 7.91% stake in J.C. Penney (JCP). Shares of...

Soros Fund Management reports holding a new 7.91% stake in J.C. Penney (JCP). Shares of JCP are up a quick 6.8% in AH trading. (13G)
Comments (14)
  • Quoth the Raven
    , contributor
    Comments (2070) | Send Message
     
    Glad my money isn't with the Soros Fund.
    25 Apr 2013, 04:22 PM Reply Like
  • Billybob207
    , contributor
    Comments (48) | Send Message
     
    Soros has more info than we do.
    25 Apr 2013, 04:30 PM Reply Like
  • lifestylesummit
    , contributor
    Comments (9) | Send Message
     
    With a very large number of investors betting against JCP could Soros significant investment in the JCP turn around story prove to be the catalyst for a short squeeze beginning tomorrow?

     

    I wouldn't bet against Soros.
    25 Apr 2013, 04:59 PM Reply Like
  • jzheng220wz
    , contributor
    Comments (112) | Send Message
     
    just curious why he would invest in JCP?
    25 Apr 2013, 05:07 PM Reply Like
  • lifestylesummit
    , contributor
    Comments (9) | Send Message
     
    Many of his investments are opportunistic (arbitrage) while other non core investments are in "value add" types of investments such as the JCP turn around.

     

    I wouldn't want to guess why he made the decision to invest in JCP, but at the price he's buying into the stock the majority of his investment should be returned in the event of a liquidation. He may also own JCP debt.
    25 Apr 2013, 05:17 PM Reply Like
  • BigGuy
    , contributor
    Comments (75) | Send Message
     
    If liquidated with all debts paid, the value of the residual real estate exceeds $25 a share using 2009 bottom real estate prices.
    26 Apr 2013, 01:42 AM Reply Like
  • Deja Vu
    , contributor
    Comments (1202) | Send Message
     
    I thought Soros just died a few days ago...I see that the rumors of his death have been greatly exaggerated...
    25 Apr 2013, 05:31 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    JCP is a flawed brand, without a clear picture of resurgence. Perhaps there is an interest in the underlying assets - the stock is trading around book value. But surely there are better opptys? (One suggestion: change the brand name.)
    25 Apr 2013, 05:37 PM Reply Like
  • Alpozin
    , contributor
    Comments (17) | Send Message
     
    there are only two players in the market; Macys and JC Penny. there is no other option other than to resurrect the fallen one.
    25 Apr 2013, 08:26 PM Reply Like
  • Ajayyy
    , contributor
    Comments (315) | Send Message
     
    JCP's chances are not far from a resurrection itself. It's too risk to take a position in this company right now. Options have too much premium, shorting it is too predictable and going long is too dangerous. I don't like anything about it at the moment and so I'll be watching for any significant catalyst.
    25 Apr 2013, 09:50 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8335) | Send Message
     
    Check out the price to sales ratio for JCP and I think you begin to see what Soros sees in JCP.
    25 Apr 2013, 07:34 PM Reply Like
  • optionsexpert
    , contributor
    Comments (284) | Send Message
     
    Yeah Soros is smarter than 99.9% of other human beings so you would have to be pretty ignorant to be a Soros basher and $JCP is a no brainer in the $13s. When they start making money all the short term sheep will flock back. They are so fickle.
    25 Apr 2013, 07:55 PM Reply Like
  • freeman8201
    , contributor
    Comments (504) | Send Message
     
    Yeah, and Mr. Soros has a team too folks. Just like Buffett.
    25 Apr 2013, 11:45 PM Reply Like
  • Shippingfan
    , contributor
    Comments (15) | Send Message
     
    I am in for the "long" haul.
    26 Apr 2013, 12:53 AM Reply Like
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