Thread: George Soros Discloses Enormous J.C. Penney Investment

NEW YORK -- Shares of beleaguered retailer J.C. Penney rose more than 6 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.


Soros disclosed he owns about 17.4 million shares of the Plano, Texas, department store operator in a filing with the Securities and Exchange Commission. The SEC requires shareholders to disclose stakes of 5 percent or more in a company.


Shares gained 92 cents, or 6 percent, to $16.16 in aftermarket trading, after ending 5 cents higher at $15.24.
J.C. Penney earlier this month fired its CEO, Ron Johnson, after 17 months on the job and rehired his predecessor Mike Ullman. An ambitious turnaround plan by Johnson had backfired and caused sales to plummet.


The chain has been burning through cash. The company last week said it would draw $850 million from its $1.85 billion revolving credit line to pay for replenishing inventory, particularly for its overhauled home area.


The stake makes Soros the fourth largest shareholder in J.C. Penney. The top shareholder is activist investor William Ackman's Pershing Square Capital, with a 17.8 percent stake.

http://www.huffingtonpost.com/2013/0...n_3157882.html


I will never shop at JC Penny's as long as George Soros is involved in that store....

Here is 1 page of the 11 pages of the many companies he owns stock in. Soros Current Holdings

Download (Premium Members Only)
Total Records: 220 Page:1 2 3 4 5 6 7 8 9 10 LAST (11)

Ticker	Company	Industry	Shares	Value ($1000)	% Weighting as of 2012-12-31	Share # Change from Last Period	Trade Impact (%)	% of Shares Outstanding
C	Banks	8,125,251	321,436	3.8%	+435.61%	+3.09%	0.27
MS	Brokers & Exchanges	4,144,200	79,236	0.95%	New Buy	+0.95%	0.21
PXD	Oil & Gas - E&P	2,088,697	222,634	2.7%	+49.59%	+0.9%	1.69
JPM	Banks	2,569,000	112,959	1.4%	+162.41%	+0.87%	0.07
CTXS	Application Software	950,000	62,462	0.75%	New Buy	+0.75%	0.51
EQT	Oil & Gas - E&P	2,072,079	122,211	1.5%	+84.79%	+0.69%	1.38
APC	Oil & Gas - E&P	755,655	56,153	0.67%	New Buy	+0.67%	0.15
AAPL	APPLE Computer Hardware	183,976	98,065	1.2%	+116.8%	+0.65%	0.02
PXP	Oil & Gas - E&P	953,000	44,734	0.54%	New Buy	+0.54%	0.74
DAL	Airlines	9,611,500	114,089	1.4%	+55.02%	+0.5%	1.13
F	FORD Autos	3,135,000	40,598	0.49%	New Buy	+0.49%	0.08
IVZ	Asset Management	1,531,000	39,944	0.48%	New Buy	+0.48%	0.35
CTSH	Application Software	529,800	39,231	0.47%	New Buy	+0.47%	0.18
COST	Retail - Defensive	400,000	39,508	0.47%	New Buy	+0.47%	0.09
COF	Credit Services	1,260,500	73,021	0.87%	+109.73%	+0.46%	0.22
NWL	Consumer Packaged Goods	1,500,000	33,405	0.4%	New Buy	+0.4%	0.52
ADT	Consulting & Outsourcing	575,000	26,732	0.32%	New Buy	+0.32%	0.25
ABT	Drug Manufacturers	588,500	38,547	0.46%	+194.25%	+0.3%	0.04
AXP	Credit Services	425,000	24,429	0.29%	New Buy	+0.29%	0.04
PNC	Banks	370,500	21,604	0.26%	New Buy	+0.26%	0.07
Portfolio changes after 2012-12-31 are included for Premium Members only!

*Holdings do not include bonds, notes, debts, shorts etc. Foreign holdings may not be included.
Download (Premium Members Only)
Total Records: 220 Page:1 2 3 4 5 6 7 8 9 10 LAST (11) http://www.gurufocus.com/holdings.ph...e=George+Soros

This list shows the company name better. George Soros Latest Trades :

Top Buys | Top Sells | Top Holdings
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Total Records: 12,534 Page:1 2 3 4 5 6 7 8 9 10 LAST (627)

Ticker	Company	Date	Action All New/add New buys Add only All sells Sold out Reduce	Impact	Price Range (Average)*	Current Price	Change from Average	Comment	Current Shares
C	Citigroup Inc	2012-12-31	Add	3.09%	$33.26 - $40.17 ($36.6	$ 47.11	28%	Add 435.61%	8,125,251
MS	Morgan Stanley	2012-12-31	Buy	0.95%	$16.09 - $19.27 ($17.39)	$ 21.43	23%	New holding, 4144200 sh.	4,144,200
PXD	Pioneer Natural Reso...	2012-12-31	Add	0.9%	$101.65 - $109.34 ($104.92)	$ 117.49	12%	Add 49.59%	2,088,697
JPM	JPMorgan Chase & Co	2012-12-31	Add	0.87%	$39.29 - $44.53 ($41.83)	$ 49	17%	Add 162.41%	2,569,000
CTXS	Citrix Systems, Inc.	2012-12-31	Buy	0.75%	$57.34 - $75.49 ($64.09)	$ 62.94	-2%	New holding, 950000 sh.	950,000
EQT	EQT Corp	2012-12-31	Add	0.69%	$56.67 - $62.74 ($59.7)	$ 73.96	24%	Add 84.79%	2,072,079
APC	Anadarko Petroleum C...	2012-12-31	Buy	0.67%	$66.18 - $76.32 ($71.79)	$ 84.12	17%	New holding, 755655 sh.	755,655
AAPL	Apple Inc	2012-12-31	Add	0.65%	$509.59 - $671.45 ($577.16)	$ 408.38	-29%	Add 116.8%	183,976
PXP	Plains Exploration &...	2012-12-31	Buy	0.54%	$33.99 - $46.45 ($38.62)	$ 44.79	16%	New holding, 953000 sh.	953,000
DAL	Delta Air Lines Inc	2012-12-31	Add	0.5%	$9.33 - $11.94 ($10.25)	$ 16.29	59%	Add 55.02%	9,611,500
F	Ford Motor Co	2012-12-31	Buy	0.49%	$9.79 - $12.87 ($10.9	$ 13.47	23%	New holding, 3135000 sh.	3,135,000
IVZ	Invesco Ltd.	2012-12-31	Buy	0.48%	$23.21 - $26.34 ($24.85)	$ 29.7	20%	New holding, 1531000 sh.	1,531,000
COST	Costco Wholesale Cor...	2012-12-31	Buy	0.47%	$94.47 - $105.95 ($98.25)	$ 109.13	11%	New holding, 400000 sh.	400,000
CTSH	Cognizant Technology...	2012-12-31	Buy	0.47%	$64.29 - $74.26 ($69.06)	$ 61.35	-11%	New holding, 529800 sh.	529,800
COF	Capital One Financia...	2012-12-31	Add	0.46%	$54.77 - $61.4 ($58.44)	$ 57.03	-2%	Add 109.73%	1,260,500
NWL	Newell Rubbermaid In...	2012-12-31	Buy	0.4%	$18.87 - $22.25 ($20.97)	$ 26.78	28%	New holding, 1500000 sh.	1,500,000
ADT	ADT Corporation	2012-12-31	Buy	0.32%	$36.45 - $46.33 ($42.01)	$ 44.04	5%	New holding, 575000 sh.	575,000
ABT	Abbott Laboratories	2012-12-31	Add	0.3%	$30.09 - $34.51 ($31.5	$ 36.49	16%	Add 194.25%	588,500
AXP	American Express Co	2012-12-31	Buy	0.29%	$53.64 - $59.37 ($56.6)	$ 68.13	20%	New holding, 425000 sh.	425,000
PNC	PNC Financial Servic...	2012-12-31	Buy	0.26%	$53.69 - $64.95 ($58.21)	$ 68.7	18%	New holding, 370500 sh.	370,500
Real Time Picks are included for Premium Members only!!

*The price and date might not be the actual time and price at which the transactions were made. In the case of institutional owners, the date is stated as the last day of their fiscal quarter. The prices are estimates if no accurate information available. Foreign holdings may not be included.Total Records: 12534 Page:1 2 3 4 5 6 7 8 9 10 LAST (627)

Originally Posted by kathyet

NEW YORK -- Shares of beleaguered retailer J.C. Penney rose more than 6 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.


Soros disclosed he owns about 17.4 million shares of the Plano, Texas, department store operator in a filing with the Securities and Exchange Commission. The SEC requires shareholders to disclose stakes of 5 percent or more in a company.


Shares gained 92 cents, or 6 percent, to $16.16 in aftermarket trading, after ending 5 cents higher at $15.24.
J.C. Penney earlier this month fired its CEO, Ron Johnson, after 17 months on the job and rehired his predecessor Mike Ullman. An ambitious turnaround plan by Johnson had backfired and caused sales to plummet.


The chain has been burning through cash. The company last week said it would draw $850 million from its $1.85 billion revolving credit line to pay for replenishing inventory, particularly for its overhauled home area.


The stake makes Soros the fourth largest shareholder in J.C. Penney. The top shareholder is activist investor William Ackman's Pershing Square Capital, with a 17.8 percent stake.

http://www.huffingtonpost.com/2013/0...n_3157882.html


I will never shop at JC Penny's as long as George Soros is involved in that store....

So in other words this is what else Soros owns,




George Soros is an evil man and funds many leftist campaigns, including the Obama one.... I reiterate I will not ever shop at JC Penny's as long as he is a part of it..period..

JC Penney surges 12% on George Soros stake

CNN

- ‎36 minutes ago

J.C. Penney (JCP, Fortune 500) shares surged 12% Friday following news late Thursday that hedge fund mogul George Soros has taken a large stake in the retailer, and a report from CNBC Friday afternoon that Goldman Sachs has secured $1.75 billion in ...