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J. C. Penney Company, Inc. Message Board

  • getintoh20 getintoh20 Apr 11, 2013 3:14 PM Flag

    Ackman: JCPenney (JCP) is Still Worth $75/Share

    Pershing Square's Bill Ackman, speaking at an NYU conference today, said that Mike Ullman was "the right man" to lead retailer JCPenney (NYSE: JCP) at this point. The hedge fund manager also commented that he still believes JCPenney shares are worth $75 a pop.

    The headlines come following earlier comments that former JCPenney CEO Ron Johnson's "lack of physical" presence might have played a key part in his falling out.

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