coolwalker
04-26-2013, 12:40 PM
J.C. Penney climbs as Soros unveils stakehttp://www.danielestulin.com/wp-content/uploads/imggeorge-soros3.jpg
.C. Penney Co. Inc. (NYSE:JCP (http://beforeitsnews.com/r2/?url=http://www.proactiveinvestors.com/companies/overview/3613/jc-penney-company-3613.html)) jumped in early trading on Friday after hedge-fund investor George Soros unveiled late on Thursday a 7.9 percent stake through his Soros Fund Management. The investment makes Soros the fourth-largest holder based on equity stakes. Pershing Square Capital Management L.P. has a 17.8 percent stake, Dodge & Cox Inc. holds a 9.2 percent stake, while State Street Corp. owns an 8.2 percent stake.
The shares of the third-largest U.S. department-store chain gained more than 5 percent to $16.30 in early trading.
On April 11, several media reports suggested the struggling company hired Blackstone Group LP (NYSE:BX (http://beforeitsnews.com/r2/?url=http://www.proactiveinvestors.com/companies/overview/1911/the-blackstone-group-1911.html)) to help it raise at least $1 billion, possibly by ....... http://beforeitsnews.com/financial-markets/2013/04/j-c-penney-climbs-as-soros-unveils-stake-2542182.html
[No company is worthy of your money when having this hedge fund creep in it making a profit.]
.C. Penney Co. Inc. (NYSE:JCP (http://beforeitsnews.com/r2/?url=http://www.proactiveinvestors.com/companies/overview/3613/jc-penney-company-3613.html)) jumped in early trading on Friday after hedge-fund investor George Soros unveiled late on Thursday a 7.9 percent stake through his Soros Fund Management. The investment makes Soros the fourth-largest holder based on equity stakes. Pershing Square Capital Management L.P. has a 17.8 percent stake, Dodge & Cox Inc. holds a 9.2 percent stake, while State Street Corp. owns an 8.2 percent stake.
The shares of the third-largest U.S. department-store chain gained more than 5 percent to $16.30 in early trading.
On April 11, several media reports suggested the struggling company hired Blackstone Group LP (NYSE:BX (http://beforeitsnews.com/r2/?url=http://www.proactiveinvestors.com/companies/overview/1911/the-blackstone-group-1911.html)) to help it raise at least $1 billion, possibly by ....... http://beforeitsnews.com/financial-markets/2013/04/j-c-penney-climbs-as-soros-unveils-stake-2542182.html
[No company is worthy of your money when having this hedge fund creep in it making a profit.]