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Should Investors Go With Ackman Or J.C. Penney? (JCP)
Monday, October 25, 2010 - 1:30pm | 367Read More...Bill Ackman of Pershing Square Capital recently disclosed a 16.5% stake in J.C. Penney (NYSE: JCP), as he believes there is tremendous value in the company that has yet to be unlocked. Vornado Realty Tryst (NYSE: VNO) also disclosed a 9.9% stake in the company. J.C. Penney in response to this...
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Bill Ackman's Stocks Doing Well Today (FO, JCP)
Wednesday, October 20, 2010 - 12:37pm | 110Read More...A couple of Pershing Square Capital's Bill Ackman stocks are performing well today. Ackman recently filed a 13D, which showed that the reputed activist investor had significant stakes in J.C. Penney Company, Inc. (NYSE: JCP) and Fortune Brands, Inc. (NYSE: FO). Both of these stocks are higher on...
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J.C. Penney Continues To Fall (JCP)
Tuesday, October 19, 2010 - 1:05pm | 117Read More...Shares of J.C. Penney Company, Inc. (NYSE: JCP) continue to fall, down more than 2%, one day after the company enacted a poison pill plan to prevent it from a takeover. Yesterday, the century-old retailer enacted a poison pill plan that says 10% is the limit an investor can own in the company....
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Bill Ackman Says He Will Be North American Centric With Investments
Tuesday, October 12, 2010 - 5:01pm | 71Read More...Bill Ackman is speaking at the Value Investing Congress, and is saying that most of his investments will be in North America, particularly in the U.S., as he understands the legal system here, and he believes it is easier to deal with domestic companies, as opposed to foreign ones. He believes it's...
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Bill Ackman Talks About Sears (SHLD)
Tuesday, October 12, 2010 - 4:56pm | 65Read More...Bill Ackman is speaking at the Value Investing Congress, and is saying Sears Holding (NASDAQ: SHLD) was extremely offer due to the tender offer that Sears offered, at $16.25 per shares. Ackman is saying he held onto shares, and ultimately exited the investment at $30 per share, after having...
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Bill Ackman
Tuesday, October 12, 2010 - 4:43pm | 66Read More...Bill Ackman of Pershing Square Capital spoke at the Value Investing Congress, and said that the banks have marked down their books much more aggressively than in the past. He mentioned Citigroup (NYSE: C) and Bank of America (NYSE: BAC) as being two examples who have marked down books tremendously.
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Bill Ackman
Tuesday, October 12, 2010 - 4:43pm | 66Read More...Bill Ackman of Pershing Square Capital spoke at the Value Investing Congress, and said that the banks have marked down their books much more aggressively than in the past. He mentioned Citigroup (NYSE: C) and Bank of America (NYSE: BAC) as being two examples who have marked down books tremendously.
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Bill Ackman Discusses J.C. Penney (JCP)
Tuesday, October 12, 2010 - 4:38pm | 108Read More...Bill Ackman, said at the Value Investing Congress that J.C. Penney (NYSE: JCP) is the most economically sensitive stock Pershing owns. Ackman said it's very cheap, and is a high quality asset. He said its real estates assets are better than that of Macy's (NYSE: M) or Sears Holdings (NASDAQ: SHLD...
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Bill Ackman
Tuesday, October 12, 2010 - 4:34pm | 36Read More...Bill Ackman of Pershing Square Capital spoke at the Value Investing Congress and said politics created a lot of uncertainty, and he believes after the election, it will alleviate some of the uncertainty in the market.
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Ackman Has Stake In Fortune (FO)
Friday, October 8, 2010 - 10:25am | 54Read More...Activist investor Bill Ackman, of Pershing Square Capital, has disclosed a stake in Fortune Brands, Inc. (NYSE: FO) this morning, CNBC has learned. That is the reason for the run up, confirming what we wrote about earlier.
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Ackman In Big On J.C. Penney (JCP)
Friday, October 8, 2010 - 9:43am | 63Read More...Activist investor Bill Ackman, of Pershing Square Capital filed a 13D with the SEC that shows he own a 16.5% stake in J.C. Penney Company, Inc. (NYSE: JCP). Yesterday, the credit default swaps on JCP surged, suggesting someone knew about the disclosure coming out today from Ackman. Shares of JCP...
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An In Depth Look At The Value Investing Congress
Wednesday, October 6, 2010 - 4:10pm | 437Read More...The 2010 Value Investing Congress (VIC) is being held at the Marriott Marquis in New York City, next week, and I recently had a chance to speak with co-founders Whitney Tilson and John L. Schwartz M.D., about the conference. The VIC started as a result of Schwartz investing with Tilson at T2...
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Bill Ackman Is Bullish On America And Citigroup (C)
Friday, May 28, 2010 - 12:47pm | 289Read More...Noted activist investor Bill Ackman, who runs hedge fund Pershing Square Capital Management, believes that America has healed. According to a Yahoo Finance article, Ackman had compared 2008's financial crisis to "the equivalent of a heart attack" in April 2009. He said "it takes time to heal."...
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Bill Ackman Has Built A Large Citigroup Stake (C)
Thursday, May 27, 2010 - 1:15pm | 332Read More...Noted activist investor and hedge fund manager Bill Ackman presented at the Ira Sohn Conference last night. Ackman runs Pershing Square Capital Management, and has made numerous prescient calls over the last couple of years. For example, last year at the same conference, Ackman said that he was...
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Bill Ackman Talks About Outlook For Credit Rating Agencies On Bloomberg TV
Friday, May 14, 2010 - 11:07am | 240Read More...Bill Ackman of Pershing Square Capital Management LP, spoke to Bloomberg Television's Deirdre Bolton yesterday morning about the outlook for financial regulatory overhaul and credit-rating companies. On rating agencies: “What is happening with the ratings agencies now will make them better - all...
