Ackman was a voice of reason? You are the dumbest fkr on the face of the earth. LMAO
"September 3rd was light years ago" What a #$%$ stupid, lowlife, moron piece of shyt.
Thank you so much. I know how concerned you are about longs losing money. You are such a good little basher.
Glenview Capital Management LLC joined J. Kyle Bass in raising its stake in J.C. Penney Co., becoming its biggest shareholder in a bet the retailer will recover after Bill Ackman ended a revamp effort last month.
Hayman Capital Management LP, Bass’s hedge fund, held 11.4 million shares of the Plano, Texas-based department-store chain, according to a filing yesterday. In a separate filing, Glenview said it owned 20.1 million shares, or 9.1 percent.
Kyle Bass , founder of Hayman Advisors, purchased a 5.2% stake in retailer J.C. Penney, according to a filing with the SEC dated Sept. 3 reported by GuruFocus Real Time Picks. Bass bought 11,428,450 shares in total on Aug. 30. At a closing cost of $12.48 that day, the total transaction amount was almost $143 million.
The buy came several days after Bill Ackman of hedge fund Pershing Square announced he would sell his entire 18% stake in the company, taking a 50% loss on his investment first disclosed in October 2010. Relations between Ackman and the company had soured in August, as the board resisted his demand for a new board chairman. The company also disapproved of his decision to release the lengthy letter calling for a board chairman replacement and accelerated CEO search to the press.
Ackman stepped down from the board on Aug. 13. He was succeeded by Ronald W. Tysoe, "a highly respected retail industry executive who spent 16 years as vice chairman at Federated Department Stores Inc. (now Macy's Inc.)," the company said in a statement.
By THE NEW YORK TIMES
Published: October 8, 2013
WASHINGTON — President Obama will nominate Janet L. Yellen as chairwoman of the Federal Reserve on Wednesday, administration officials said Tuesday night, ending an unusually public search to fill one of the most important economic policy-making jobs in the world.
If you're getting paid 5-10 cents per post to bash this stock, how will you pay your bills and come up with $5000?