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Ackman Down $100 Million On JCP Today: Who Else Is Getting Blowtorched On The JCP Cremation?
Posted on June 19, 2012 at 14:13 PM EDT
Remember when Whitney Tilson praised every drop in the price of JC Penney stock as a gift from heaven, give or take? Well the gods really are generous to the Sharpe ratio 0.000 asset manager of over a hundred million in stock call equivalents, all of which are now deeply underwater. Because if Tilson liked JCP at $27 one short month ago, he must abso...
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