NEW YORK ( TheStreet) -- I don't need to cite a whole bunch of links. If you're a human in the world -- even a non-stock-junkie human, somebody who doesn't live and breathe this stuff -- you know the story well. For months, Bill Ackman touted his investment in J.C. Penney (JCP - Get Report), effectively blowing off everything that was wrong with the company and Ron Johnson's tenure as CEO.Now, when even the most delusional of Earth dwellers can't argue with the contention that JCP is a national disgrace, Ackman comes out swinging. The other day he admitted Johnson was a disaster. Friday morning I saw he chided RJ for flying around the country instead of regularly showing his face at Penney's Plano, Texas, headquarters.
JCP: How Can We Believe Anything Bill Ackman Says?
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