This page has been archived and commenting is disabled.
It Really Isn't Ackman's Day As CIT Pulls JCPenney Credit
While we have heard this rumor before, the NY Post is reporting that CIT - the largest commercial lender/factor in the US apparel industry - has abruptly stopped supporting deliveries from smaller manufacturers to JCPenney stores. Insiders speculated that CIT got skittish after meeting with JCP officials yesterday and getting a glimpse of financials. It really is not Bill Ackman's day - HLF +10%, JCP -6.7%.

What did CDS traders know a week ago?
And here is Whitney Tilson explaining why he is buying JCP at $28:
- 13893 reads
- Printer-friendly version
- Send to friend
- advertisements -


