UPDATE: Ackman says JCPenney (JCP) will restart coupon circulars in newspapers
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
Ackman: JCPenney (JCP) is Still Worth $75/Share
April 11, 2013 3:10 PM EDTPershing 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.
... More
Ullman is Already Cleaning Up Johnson's Mess at JCPenney (JCP)
April 11, 2013 8:29 AM EDTIncoming Returning JCPenney (NYSE: JCP) CEO Mike Ullman III isn't taking time to celebrate his good fortune and is instead moving to clean up an outstanding legal battle which has graced headlines over the last few months.
... More
