May 20, 2013 at 11:05 AM EDT
Mike Ullman of JC Penney: 'Our Fundamental Business Processes are Still Strong'
After J.C. Penney (NYSE: JCP ) missed Q1 EPS estimates by more than 50 percent last week, Mike Ullman described the tough situation he faces as CEO in a conference call with investors. Ullman opened the call by noting his conversation with investors and stating, “our fundamental business processes
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