Posted on 08/27/2013 7:20:04 AM PDT by Rodamala
Citigroup Agrees to Sell Hedge Fund's Shares to New Buyers at $12.90 Each.
Hedge-fund manager Bill Ackman moved to dump his entire stake in J.C. Penney Co., ending a failed bet on the retailer that cost his fund more than $600 million, resulted in the loss of thousands of jobs and left the 1,100-store chain still struggling to right itself.
(Excerpt) Read more at online.wsj.com ...
Your reply has nothing to do with the points I made in my comment, particularly about the flea market lol.
I was replying to your accusation of preconceptions that I presumably hold regarding the safety of these malls. You are incorrect..
My uncle was a manager in the NYC office. He was often at Penney’s house. Although my uncle was not a believer, he was very impressed by Mr. Penney and his work ethics. He made his faith very evident, but not in a threatening or forceful way...the complete gentleman.
As for men’s clothes, JCP has very good quality at good prices when you wait for sales and close outs.
Should they go bankrupt, I could see them succeeding with an online clothing store.
My work clothes, long sleeve hickory stripe and chambray shirts in particular, have always come from JCP.
Big Mac brand, very good quality.
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