The company also faces a huge foreign-exchange headwind that will likely further weigh down earnings.
Finally, the history of this company is that the shareholders and its directors are more patient than with most other companies (e.g., Yahoo! (YHOO)).
Bill Ackman is one of the most brilliant hedge-hoggers I know of, but he has a lot on his plate with J.C. Penney (JCP) -- he owns 40 million shares, which is not going swimmingly. (Ratings are being cut, and its merchandising gambit seems to be foundering. Cash flow pressures and even capital pressures at J.C. Penney are mounting.)
Confident in Oils
Originally published on Thursday, July 12 at 11:53 a.m. EDT.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV