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And the Masters of the Universe say...

By Charles SizemoreIn my, I noted that "Big Money" managers were wildly bullish on U.S. stocks—74% were bullish and only 7% were bearish.But what about those legendary masters of the universe - the global macro hedge fund managers who, if their reputations are to be believed, hold the fates of companies and even entire countries in the palms of their hands?At last week's Ira Sohn Investment Conference , we got to hear the latest investment themes from some of the biggest names in the business, including Bill Ackman, Jim Chanos, Stanley Druckenmiller, and David Einhorn, among others.Some of these "smart money" guys haven't been looking too smart of late.  Ackman has taken enormous losses in JC Penney (JCP); at one point, his losses on the investment were over $500 million.  He also appears to be on the wrong side of a very large short position in Herbalife (HLF).This year Ackman is recommending Procter & Gamble (PG), even though it is sitting near 52-week highs and is trading at a subst...

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  1. J.C. Penney Mortgages HQ, Land to Secure Loan

    J.C. Penney Co. (JCP) mortgaged its headquarters and surrounding land to secure its $1.75 billion loan arranged by investment bank Goldman Sachs Group Inc. (GS), acc...

  2. Penney gets Goldman loan in latest move to improve its finances

    J.C. Penney Co Inc on Monday said it had lined up a five-year, $1.75 billion financing package from Goldman Sachs Group Inc , the latest move by the struggling retai...

  3. J.C. Penney Set to Get Cash Infusion

    J.C. Penney (NYSE:JCP) revealed a $1.75 billion financing package from Goldman Sachs (NYSE:GS) on Monday that further paves the way for the ailing retailer to shore ...

  4. Penney begins selling disputed Martha Stewart-designed goods

    J.C. Penney Co Inc isn't waiting for a final court decision.The retailer has begun to sell the Martha Stewart "JCP Everyday" line of home goods, even while a court b...

  5. Penney COO Kramer Exits Ailing Retailer

    Embattled retailer J.C. Penney (NYSE:JCP) divulged in a securities filing late Thursday its chief operating officer, Michael Kramer, left the company Wednesday.Krame...

  6. Macy's Restraining Order Against Penney Nixed: WWD

    J.C. Penney Co. rose 1.9% on Thursday after an appeals court denied a temporary restraining order requested by Macy's Inc. against the retailer to sell Martha Stewar...

  7. J.C. Penney Hit By Appeals Judge Order

    J.C. Penney Co. shares dropped in premarket trading on Wednesday after a New York state appeals judge late Tuesday temporarily blocked its plan to sell a line of bed...

  8. J.C. Penney Ordered to Stop Selling Some Martha Stewart Goods Until Thursday -Reuters

    An appeals court judge Tuesday ordered J.C. Penney Co. (JCP) to stop selling some Martha Stewart good until Thursday, when a decision on a possible extension of the ...

  9. Macy's Looks to Halt Penney Sales of Stewart Products

    Macy's (NYSE:M) is seeking a temporary restraining order to stop J.C. Penney (NYSE:JCP) from selling products designed by Martha Stewart, pending the outcome of an a...

  10. Macy's appeals against ruling on Martha Stewart goods in J.C. Penney

    Macy's Inc filed an appeal on Monday challenging a judge's ruling that JC Penney Co Inc can sell unbranded Martha Stewart goods in its stores for now.Justice Jeffrey...

  11. Embattled Penney Draws on Credit Line

    Following much speculation last week, J.C. Penney (NYSE:JCP) confirmed Monday that it took an $850 million cash infusion from its $1.85 billion revolving credit faci...

  12. J.C. Penney Draws Down $850 Million from Credit Facility

    J.C. Penney Co. (JCP) said it has drawn $850 million from its $1.85 billion revolving credit facility to fund inventory restocking and other costs related to the com...

  1. J.C. Penney To Beef Up Bangladesh Audits

    J.C. Penney Co. (JCP) plans to beef up its audits of factories in Bangladesh by requiring them for the first time to undergo structural and engineering inspections.U...

  2. Citi Says it is 'Encouraged' by Penney's Plan

    Ailing retailer J.C. Penney (NYSE:JCP) may have posted a wider-than-expected loss late Thursday and disappointing sales, but Citi (NYSE:C) raised its price target an...

  3. J.C. Penney Loss Widens on Sharp Sales Decline

    J.C. Penney Co. (JCP) lost $348 million in its first quarter on top of nearly $1 billion in net losses last year, as sales continued to slide at the beleaguered reta...

  4. J.C. Penney 1Q Loss Wider Than Expected

    J.C. Penney (NYSE:JCP) reported a wider-than-expected first-quarter loss and disappointing sales late Thursday, while its cash slumped from a year ago despite signif...

  5. Bangladesh Closes Three Factories of Top Exporter

    Bangladesh shut down three factories owned by the country's largest garment manufacturer for safety violations, in a rare wave of closures that government officials ...

  6. J.C. Penney Warns of Deeper-Than-Expected Sales Slump

    J.C. Penney Co. (JCP) forecast a sharper-than-expected decline in fiscal first-quarter sales, citing the impact of departed Chief Executive Ron Johnson's controversi...

  7. Moody's Cuts J.C. Penney Further Into Junk

    Moody's Investors Service lowered J.C. Penney Co.'s (JCP) junk-level rating a notch and left the door open for a further downgrade, citing the retailer's recent arra...

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