They have said for months that Buffet was buying JCP. Not true in past and nothing suggests he owns any JCP now. In fact Buffet said this week that it will be "very tough" for JCp to turn it around.
They have said the Ackman did not think JCP was a bad investment after he exited his position. However, Ackman published in his newsletter that he was bearish JCP. I believe around Oct 2, 2013.
Now idiots posting that Ichan will buy JCP.