J.C. Penney Co. (JCP) rose in extended trading after billionaire investor George Soros disclosed a passive stake in the retailer.
Soros Fund Management’s stake is equal to 7.9 percent of J.C. Penney, according to a filing today. The investment makes him the fourth-largest holder based on equity stakes, according todata compiled by Bloomberg.
J.C. Penney is trying to rebound from a 25 percent drop in sales and a net loss of $985 million last year under the leadership of Ron Johnson, who was replaced as chief executive officer by Myron Ullman earlier this month. Ullman, who left the CEO role in 2011 for Johnson, has already tapped the company’s credit line and is seeking to raise more cash.
The stock is up 7%. Given the heavy short interest, that’s pretty blah…

Parfum Vergelijk
[…]below you will find the link to some web-sites that we feel you’ll want to visit[…]
… [Trackback]
[…] Read More here to that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] Read More to that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] There you can find 51821 additional Info on that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] There you can find 7994 additional Information on that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] Here you will find 88356 more Info to that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] Find More Information here on that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] There you can find 69317 additional Information to that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] Read More on on that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] Read More to that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] Find More to that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] Find More Information here to that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] Find More on that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]
… [Trackback]
[…] Information to that Topic: thereformedbroker.com/2013/04/26/thats-it/ […]