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. mumbai police commented on Dec 14

    mumbai police

    […]we came across a cool website that you simply could take pleasure in. Take a look in the event you want[…]

  2. pink rabbit vibe commented on Dec 15

    pink rabbit vibe

    […]one of our guests not too long ago advised the following website[…]

  3. tile and grout cleaning plantation fl commented on Dec 15

    tile and grout cleaning plantation fl

    […]please check out the web pages we follow, which includes this one particular, as it represents our picks from the web[…]

  4. 海美迪 commented on Dec 17

    海美迪

    […]always a large fan of linking to bloggers that I really like but really don’t get quite a bit of link like from[…]

  5. Bestecktasche bedruckt commented on Dec 17

    Bestecktasche bedruckt

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

  6. 美容外科 commented on Dec 21

    美容外科

    […]very handful of web sites that occur to be detailed beneath, from our point of view are undoubtedly nicely really worth checking out[…]

  7. Waveguide components commented on Dec 21

    Waveguide components

    […]below you will locate the link to some web sites that we believe you’ll want to visit[…]

  8. Unlimited Reseller Web Hosting commented on Dec 25

    Unlimited Reseller Web Hosting

    […]please pay a visit to the web-sites we comply with, which includes this one particular, because it represents our picks from the web[…]

  9. take a look at the site here commented on Dec 26

    take a look at the site here

    […]the time to study or take a look at the content material or web pages we’ve linked to below the[…]

  10. hop over to here commented on Dec 27

    hop over to here

    […]Sites of interest we have a link to[…]

  11. statesville auto glass posted on Dec 28

    statesville auto glass

    […]one of our visitors just lately suggested the following website[…]

  12. amateur gangbang tweeted on Dec 30

    amateur gangbang

    […]please pay a visit to the web-sites we comply with, including this a single, as it represents our picks through the web[…]

  13. Cheap Primary care provider in Kent commented on Dec 30

    Cheap Primary care provider in Kent

    […]below you will discover the link to some web-sites that we consider you should visit[…]

  14. binary options without deposit commented on Dec 31

    binary options without deposit

    […]please go to the web-sites we follow, including this 1, because it represents our picks from the web[…]

  15. Hot Tube commented on Dec 31

    Hot Tube

    […]Here are some of the web sites we advise for our visitors[…]

HowIInvestMyMoney