This is a great interview with David Tepper.  Tepper is one of the very finest investors in the business and shares a lot of valuable insight.  He is still very bullish on the market and airlines in particular.  He likes Citigroup a lot, which we do as well at TTCM.  His returns over his career...Read More

No investor other than perhaps Stevie Cohen has garnered the criticism that Bill Ackman has in 2013.  His controversial investments in J.C. Penney (JCP) and Herbalife (HLF) have generated a lot of headlines, as has his sparring with Carl Icahn and Daniel Loeb, but Ackman has been a very successful investor over the years, which...Read More

Ron Johnson is intelligently offering free Sunday haircuts for kids from kindergarten to sixth grade at J.C. Penney.  The company is aggressively remodeling its stores to a cleaner “store within a store” look.  By appealing to mothers with a free haircut for their children, J.C. Penney is attracting some of its prime target market to...Read More

http://seekingalpha.com/article/803761-update-j-c-penney-substantial-upside-with-solid-margin-of-safety INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

This video shows that Bill Ackman still supports the strategic direction of J.C. Penney (JCP).  It certainly was alarming to see Michael Francis let go after such a short tenure, but the core investment thesis remains the same.  In my opinion the best opportunities surrounding the stock are in cost cuts where there is a...Read More

I really enjoyed this letter from Bill Ackman of Pershing Square and I hope that you do too.  His write ups of J.C. Penney and Citigroup were very interesting, as was his accurate description of private equity.  Enjoy! http://dealbreaker.com/uploads/2012/06/Pershing-Square-Q1-2012-investor-letter.pdf?source=email_rt_mc_body&ifp=0 INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

http://seekingalpha.com/article/629321-j-c-penney-substantial-upside-with-solid-margin-of-safety INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More