JCPenney (JCP) Seeks to Raise Over $1B as Cash Pile Dwindles
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JCPenney (JCP) in Talks for $1B Asset-Backed Loan
April 19, 2013 8:58 AM EDTJCPenney (NYSE: JCP) is ticking higher Friday morning following reports that the beleaguered retailer may put up real estate as collateral as it works to secure financing.
Reports have JCPenney in discussions with Goldman Sachs and JPMorgan for an asset-backed... More
Ackman: JCPenney (JCP) is Still Worth $75/Share
April 11, 2013 3:10 PM EDTPershing Square's Bill Ackman, speaking at an NYU conference today, said that Mike Ullman was "the right man" to lead retailer JCPenney (NYSE: JCP) at this point. The hedge fund manager also commented that he still believes JCPenney shares are worth $75 a pop.
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UPDATE: Ackman says JCPenney (JCP) will restart coupon circulars in newspapers
April 11, 2013 2:02 PM EDT(Updated - April 11, 2013 2:14 PM EDT)
Pershing Square's Bill Ackman says JCPenney (NYSE: JCP) will restart coupon circulars in newspapers.
Ackman also noted that the "physical presence" of a CEO is crucial to a turnaround and that the lack of... More
Ullman is Already Cleaning Up Johnson's Mess at JCPenney (JCP)
April 11, 2013 8:29 AM EDTIncoming Returning JCPenney (NYSE: JCP) CEO Mike Ullman III isn't taking time to celebrate his good fortune and is instead moving to clean up an outstanding legal battle which has graced headlines over the last few months.
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Ackman Sticking with J.C. Penney (JCP) - WWD
April 10, 2013 4:00 PM EDTHedge fund manager Bill Ackman told WWD he plans to stick with his investment in J. C. Penney (NYSE: JCP). Comments follow the ousting of J.C. Penney CEO Ron Johnson on Monday that lead to further decline in the stock.... More
Ackman Not Giving Up on JCPenney (JCP)...Yet
April 10, 2013 7:46 AM EDTFollowing the ousting of Ron Johnson as CEO of retailer JCPenney (NYSE: JCP) earlier this week, some have been wondering whether or not hedge fund giant Bill Ackman, of Pershing Square, will stick with his massive investment in the company. Ackman, after all, pushed for current CEO Mike Ullman to be replaced in 2011, but the... More
