Is an idiot. He bought in the 17 range at the end of June and just posted the buy now to shore up the share price before earnings. On this latest purchase he is already down over 8 million dollars. In addition to the losses he was already carrying. I guess birds of a feather flock together since Ackman is in for an average of $25. This is so desperate. The stock has moved 10% on a TWEET from a NY POST REPORTER?? Sources?!!? Really?? This NY Post reporter has insider info that it is a miracle. JCP has suddenly turned profitable IN THE LAST TWO WEEKS??? Yeah, that is why the guidance has been LOWERED from -.84 to -1.06 per share. 90 days ago it was -.69. Anyone who buys this is a fool!!
All retail reported sluggish back to school with lowered guidance for the rest of the year. Yeah, keep drinking the kool aid and propping this up so insiders can DUMP (which has been going on) Over 15 million shares have been dumped by institutions through June.
Between thou (message boarder) and Soros there are clear differences. He's made $30 billion starting from zip. He's 83 with a 29 year old girlfriend. He's a London School of Economics graduate of distinction.
George and his folks can be wrong. But he is not 'an idiot.'
Agree. Why would he help Ackman by raising the price? He is creating the false hope, once the public buys in this trap, he will be out asap. If not, then this is just an ego battle between two "smart" men.