Tuesday, May 22, 2012
Ackman's JC Penny Pitch
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Keep in mind while Ackman always makes a strong case and looks for big rewards, he has been unsuccessful in many picks. Eg: Borders (he was betting on survival of Brick & mortar book store, Corrections Corp of America- not much gains for him there, etc). Also, investing in JCP requires much bigger leap of faith as it as to be turned around. As always, he makes strong arguments for his thesis
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