One “X” factor remains, though: He still has a substantial investment in J.C. Penney Company, Inc. (NYSE:JCP), which he can’t sell at the moment due to insider trading laws. He has been known to dump stock in newsworthy quantities, however.
With strong competition from Macy’s, J.C. Penney Company, Inc. (NYSE:JCP)’s position in the retail field has been weakened due to the current economic climate, online competition, and chronic problems at the top. Ackman’s departure may bring stability, but it also deprives the company of a strong investor when one is needed the most.
The bottom line
Wendy’s may be the best buy of the lot. It’s still weak compared to its 2005 stock price, but given the popularity of its new pretzel burger line and a new ad campaign targeting millennials, it could make an interesting buy, given the room it has to maneuver.
The article Ignore the Doubters: Consider This Man’s Investments originally appeared on Fool.com and is written by John McKenna.
John McKenna has no position in any stocks mentioned. The Motley Fool has the following options: long January 2015 $50 calls on Herbalife.
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