The Ira Sohn conference is wrapping up soon.The final presenter coming up in a few minutes: Bill Ackman.
You can see our liveblog of the whole event here.
We’ll be covering Ackman’s presentation inside this post.
He’s picking JC Penney, a stock that everyone knows he is long.
He’s been long it for a long time, and it plunged 20% today. Awkward.