The following video is from Thursday's MarketFoolery podcast, in which host Chris Hill, along with analysts Matt Argersinger, Andy Cross, and Bryan Hinmon, discuss the top business and investing stories of the day.
Activist investor Bill Ackman took a big stake (18%) in J.C. Penney (JCP +0.00%), pushed for the company to hire Ron Johnson as CEO, and backed Johnson publicly. So how does Ackman feel now that Ron Johnson has been fired? In an interview with Women's Wear Daily, Ackman said that he's digging in with his J.C. Penney stock and isn't going anywhere. Should investors follow Ackman's lead and take stock in the embattled retailer? In this installment of MarketFoolery, our analysts discuss the future of J.C. Penney.
The relevant video segments can be found between 11:58 and 17:17.
For the full video of today's MarketFoolery, click here.
