That’s it?

Posted by

Bloomberg:

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…

not impressed

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. yomega commented on Apr 24

    Title

    […]always a major fan of linking to bloggers that I appreciate but really don’t get a lot of link enjoy from[…]

  3. http://www.vivaldi.pl/poznan/wesela commented on Apr 24

    Title

    […]just beneath, are quite a few entirely not connected internet sites to ours, even so, they are surely worth going over[…]

  6. http://www.hosteltolek.pl/kontakt.html commented on Apr 24

    Title

    […]very few internet websites that transpire to be detailed below, from our point of view are undoubtedly very well really worth checking out[…]

  7. Opole posted on Apr 24

    Title

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless definitely really worth taking a search, whoa did one learn about Mid East has got a lot more problerms also […]

  8. hotele Poznan commented on Apr 24

    Title

    […]very couple of websites that come about to become in depth below, from our point of view are undoubtedly properly really worth checking out[…]

  9. Welcome commented on Apr 24

    Title

    […]one of our visitors lately recommended the following website[…]

  10. BHP Opole posted on Apr 24

    Title

    […]Here are a number of the sites we advise for our visitors[…]

  12. rewind yoyo commented on Apr 25

    Title

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless seriously worth taking a appear, whoa did one particular learn about Mid East has got extra problerms at the same time […]

  13. yoox discount code may 2015 promo coupon off commented on Apr 25

    Title

    […]we prefer to honor lots of other world wide web sites on the net, even when they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  15. Uslugi BHP Opole posted on Apr 25

    Title

    […]Here are a number of the sites we advocate for our visitors[…]

HowIInvestMyMoney