A diary of the thought process behind my investment decisions
You Cannot Be Serious
Bill Ackman made comments to the effect that he would not invest in HP because the company is too complicated, even though it appears cheap. JCPenney is a second rate retailer in a recession. To make matters worse the secular trend is towards online and JCPenney does not even seem cheap. I would buy HP over JCPenney any day of the week. I own neither.