NEW YORK ( TheStreet) -- The drama continues to play out between hedge fund manager Bill Ackman and J.C. Penney (JCP - Get Report). TheStreet's Jim Cramer and Debra Borchardt examine how Ackman is affecting the stock price.All of the board changes that Ackman is calling for is beginning to get ridiculous. Cramer added that the fundamentals for the company are deteriorating rapidly, as sales continue cascading lower.
Cramer Quick Take: Ackman Killing JC Penney
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.