Ackman Still Likes JC Penney Long, Herbalife Short
March 13, 2013 at 15:35 PM EDT
Despite some volatility, Pershing Square's Bill Ackman remains as convinced as ever about his investments around JC Penney (NYSE: JCP ) and Herbalife (NYSE: HLF ). Roughly 8.4% of Pershing Square's capital is invested in JC Penney -- over 240 million shares -- while Pershing is short 20