JC Penney is getting a lot of media attention as it holds its analyst meeting. Considering JC Penney (JCP) is 17% of Bill Ackman’s Pershing Square Portfolio, CNBC could not resist asking about the coming changes at JC Penney such as its new logo, CEO Rob Johnson. On the changes :
” The company is continuously improving but I think your going to see a dramatic change in the next few months”
At the same time, Ackman talked a bit of his stake in Canadian Pacific Railway (CP):
- CP Rail is the worst performing railroad over the past 10 years
- Believe that the company needs a change in culture and needs to be run by a General, not a marketer.
Bill Ackman on CP
Bill Ackman on JC Penney
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