I think 10 is very close,,
In addition to Ackman and Soros, JC Penney also has hedge fund manager Richard Perry as a powerful supporter.
Perry, who is married to fashion designer Lisa Perry and took over luxury retailer Barneys New York last year, owned 12 million shares at the end of the second quarter, according to a filing made last week.
Similarly, hedge fund Tiger Consumer Management raised its stake by 2.05 million shares to 5.43 million at the end of the quarter.
JCP has been in biz for a long long time take a bad economy and couple it with an incompetent CEO and you have this mess..JCP will turn and it will re visit the mid 20's come 2014
No question,,wait till they get to 2 billion users..Video adds instagram..they will be making acquisitions,accretive to earnings I hope,,
you can't be that dumb..they have 10 billion..and have only been a public co for a year..you need to learn how to read