Ackman Writes About Mistakes In Q2 LetterVW Staff
In his most recent letter to investors Bill Ackman, founder of Pershing Square Management, put his bet on a J.C. Penney Company, Inc. (NYSE:JCP) revival firmly in the "mistake" column. The hedge fund manager owns more than 17% of the struggling retailer, and the company's price has continued to fall since he bought in.
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