Ackman: JCPenney Sales Have Hit 'Bottom'
Posted on May 29, 2012 at 12:30 PM EDT
Hedge fund manager Bill Ackman remains steadfast in his belief that his investment in JCPenney will pay off. He says he has the patience to wait out the company's turnaround under new CEO Ron Johnson.
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J.C. Penney Co., Inc.
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