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  "documentTitle": "J.C. Penney Company, Inc. (JCP)",
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  "authorName": "William Ackman",
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  "presentationDate": "2012-05-16 00:00:00",
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      "text": "All EPS dilution assumes $50/share; all stock prices adj. for option and warrant dilution; earnings adj. for restructuring charges, qualified pension expense, real estate and other, and markdowns related to new pricing strategy. Stock price includes $1/share for REIT interests and other non-core real estate",
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