I feel sorry for people who sold after hours for a huge loss.
Why sell after hours? I think it's going to be a beautiful next few months for JCP. Props to Ackman for firing Johnson. This leads me to believe he is willing to fire anyone to make this a success. We all know he's going to get taken behind the woodshed on his Herbalife trade..... So JCP is one he can't afford to lose on. I honestly think he's got a shot with JCP. Johnson got in over his head and tried to make an old dog do new tricks too fast. This isn't a tech company man!!! It's going to take a while. And please, fire Elen! She's an annoying POS.
Why is it good to go back to the previous CEO? And what the heck to Ackman know about retail...come on how can you forget his Target trade. It would not surprise me if the SEC tells Ackman to either be a fund manager or a board member. All JCP shareholders should be concerned that Ackman is just looking for a quick pop to start selling shares.
Looks like "Barkman" got very poor people-face reading skills IMHO! I mean look at that "Rod Johansson" face... did he ever look serious to him? ... always looked like laughing without any solid reason in the background ... between the two ears ...... implications IMHO: he just arrived on the scene to have some fun with his "Peach-computer" co. generated wealth from previous life! Didn't ever feel like, he was ever serious to make the current-project a gigantic mission and success of his life! It was played like an afterthought IMHO! (substitute names as per your imagination here! LoL! :-) ).