Ron Johnson

According to a research report published by Citigroup on JC Penney (NYSE: JCP), the company has announced that Dan Walker will be joining the company as Chief Talent Officer (effective 11/16) and Mike Kramer will join as Chief Operating Officer (effective 12/5). In the report, Citigroup writes, "...

A report from Citi reiterates its Buy rating and $40 price target on JC Penney (NYSE: JCP). The report states, “The $265M of restructuring costs disclosed today were significantly greater than the $78M prev. disclosed by the company for 3Q11, which we believe indicates that new CEO Ron Johnson is...

J. C. Penney Company (NYSE: JCP) reported third quarter earnings this morning that once again missed estimates, and shares are down almost 3% in early Monday trading. It also guided lower for the fourth quarter, the biggest shopping season of the year. The company reported third quarter earnings...

Whitney Tilson and Glen Tongue of T2 Partners are speaking at the Value Investing Congress and mentioned Berkshire Hathaway (NYSE: BRK-A) as the most attractive on risk reward basis in the thirteen years it has owned it. Tilson believes that shares are trading 35% below intrinsic value, which he...

Pershing Square Capital's Bill Ackman is on CNBC's Squawk Box this morning and after discussing his trade on the Hong Kong dollar yesterday at the Delivering Alpha conference, he is talking about retail. Ackman said that retail is generally a tough business, a very risky business, which is why he...