Ackman Writes About Mistakes In Q2 Letter – ValueWalk Premium
Bill Ackman

Ackman Writes About Mistakes In Q2 Letter

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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