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
  2. free full download for windows commented on Nov 26

    free full download for windows

    […]the time to read or stop by the content or web sites we have linked to beneath the[…]

  3. free download for windows 10 commented on Nov 26

    free download for windows 10

    […]we came across a cool web-site that you simply might love. Take a search if you want[…]

  4. Pinganillo para examenes commented on Nov 27

    Pinganillo para examenes

    […]check beneath, are some completely unrelated sites to ours, nevertheless, they’re most trustworthy sources that we use[…]

  5. gold necklace commented on Nov 27

    gold necklace

    […]always a huge fan of linking to bloggers that I love but don’t get a lot of link like from[…]

  6. best vibrator for the money commented on Nov 27

    best vibrator for the money

    […]here are some links to web pages that we link to mainly because we consider they may be really worth visiting[…]

  7. anal and vibrator commented on Nov 27

    anal and vibrator

    […]we like to honor many other internet web sites around the web, even though they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  8. peak wand vibrator commented on Nov 29

    peak wand vibrator

    […]although sites we backlink to beneath are considerably not connected to ours, we feel they may be truly worth a go by, so possess a look[…]

  9. sex movie commented on Nov 29

    sex movie

    […]Sites of interest we’ve a link to[…]

  10. sex movie commented on Nov 29

    sex movie

    […]we like to honor quite a few other net websites around the internet, even though they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  11. Landscape Architect in Monmouth County NJ commented on Nov 30

    Landscape Architect in Monmouth County NJ

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

  12. free work from home opportunities commented on Nov 30

    free work from home opportunities

    […]that would be the finish of this report. Here you’ll find some web-sites that we assume you will appreciate, just click the links over[…]

  13. P-spot commented on Dec 01

    P-spot

    […]that could be the end of this write-up. Here you will come across some sites that we assume you’ll value, just click the links over[…]

  14. menage a trois strap on commented on Dec 01

    menage a trois strap on

    […]The information talked about within the report are some of the very best readily available […]

  15. double sex toy commented on Dec 02

    double sex toy

    […]here are some links to internet sites that we link to simply because we consider they’re really worth visiting[…]

HowIInvestMyMoney