Posted on 04/25/2013 2:12:57 PM PDT by Marathoner
Legendary investor George Soros‘ Soros Fund Management has taken a 7.9% stake in the retailer, according to an SEC filing Thursday. The news sent J.C. Penney shares higher after-hours, up 6.6% to $16.25. At that price, Soros’ holdings are worth $283 million.
Soros, who famously “broke the Bank of England” in 1992 as part of a group that heavily shorted the British pound, owns just under 17.4 million shares of J.C. Penney, according to the filing. His stake puts him among the retailer’s five largest shareholders.
(Excerpt) Read more at forbes.com ...
Coming soon to America...
Cesar Conda, chief of staff for Marco Rubio, used to work for Soros. Probably still does, he sure does his bidding.
Randy Scheunemann, a former foreign policy adviser to Senator John McCain, also lobbies for Soros.
WHO IS CESAR CONDA?
http://www.freerepublic.com/focus/f-news/3007546/posts
Not so concerned with FR posters as with Forbes. Seeing so many mistakes from formerly very picky organizations. It’s a sign of the apocalypse.
Sad that Forbes could miss that.
Yeah, I’m really disappointed with Rubio. In fact, I fear he’s going to wind up being OUR Obama.
I think JCP is dead.
Kick it to the curb...
so now soros sells and banks the gain, suckers.
If the title was copied and pasted, rather than being typed in by the OP, it has since been corrected at the site (or is that sight?).
What a shame for a once-fine store.
Except they didn't.
As a former corporate executive it was always a little daunting to have work with and please important outside investors. In some cases it was rewarding when the investor was likable and willing to have a mutually beneficial relationship. In other cases it could be intimidating when the investor tried to create an atmosphere of dominance and intimidation. I am betting that it would not be fun to work for George Soros.
Hmmmm....adding to the “list”
Just Cheap Pickins for Soros.
Yes, and since we may be writing its epitaph, here's a memory from about 1972, when my best buddy and I were about 13 years old:
The JC Penney just across the street was where we'd sometimes buy 45 RPM hit singles.
One day we heard (probably via radio) that Olivia Newton-John would be appearing at that very same JC Penney store.
We ran over there and ogled her from about 20 feet while she sat and autographed her latest vinyl records, conveniently sold there.
We wanted an autograph, but didn't have the $7 for her LP....
But as a 13-year-old boy, it was worth seeing her.
She was about 24 years old...it was just before her career really took off.
.
Is Forbes edited by illiterates? A company or boat can right itself — not write itself.
The original poster says that the title was as posted. Forbes may have fixed it since.
That is “Right” itself, not “Write.”
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