Description: A number of hedge funds including Hayman Capital and Glenview Capital are buying up JCPenney stock in the hopes of turning around the troubled retailer.
Source: CNNMoney.com – video report
Date: Sep 04, 2013
Questions for Discussions:
- What do you think these new buyers of stock see in the company?
- How does the market generally respond to hedge fund investment in a declining firm?
- What do you think the general response will be this time?
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