Bill ackman s presentation on target corporation bill ackman of pershing square capital managements proposal for target tgt to spin off its real estate holdings. Vrx or other companies discussed in this presentation that could lead others to disagree with pershing squares analyses, conclusions and opinions. William ackman spelled out his plan on wednesday afternoon to increase the value of target. Pershing squares response to adps september 12th investor presentation september 25, 2017. Opinion is mixed on whether his activism makes companies stronger or merely. Pershing square capital management has met the qualifications for inclusion in our whalescore system. Ackmans short slidedeck on adp the broader conclusions. On may 11, bill ackman of pershing square capital management hosted a town hall meeting to provide all shareholders of target corporation and other interested parties the opportunity to meet each. Ackman says my bad on herbalife presentation bloomberg. Atip for target shareholders pershing square capital management, l. View our presentations on pershing square capital managements proxy to implement board seat changes and maximize adps potential. What do you guys think of bill ackman s adp presentation. In addition to commenting on his highprofile current investments, pershing square capitals bill ackman in a recent interview with value.
Hedge fund manager bill ackman questioned the accounting and business model of nutritional supplements company herbalife. Cnbcs jim cramer on why bill ackman deserves a board seat at adp. The presentation sings the praises of valeant, noting its culture of cost efficiency and its core competency in licensing and acquisitions. The views presented here do not necessarily represent those of advisor perspectives. Bill ackman throws in the towel on target deal journal wsj. Pershing square manages funds that are in the business of trading buying and selling securities and financial instruments. Pershing square presentation at the grants interest rate observer conference, bill ackman of pershing square unveiled a new long position. The universe in a nutshell full presentation big think. Bill ackman on basics of finance and investing business. Ackman says his presentation is just a brief introduction to the world of finance.
Billionaire hedgefund manager bill ackman revealed his transformation plan for adp on thursday to more than double the companys stock price in an epic 167 slide presentation adps profit. Get the entire 10part series on our indepth study on activist investing in pdf. Why i made it a 35% position after the bill ackman bear raid note. Download bill ackman s presentation on ratings agencies. Bill ackman explains everything you need to know about the basics of finance and investing. Pershing square recognizes that there may be nonpublic. Pershing square recognizes that there may be nonpublic information in the possession of valeant pharmaceuticals international, inc. At the grants interest rate observer conference, bill ackman of pershing square unveiled a new long position. Boston reuters a widening criminal probe casts new light on a bitter defeat hedge fund activist bill ackman suffered in his 2009 bid for board seats at u.
Criminal probe casts 2009 ackmantarget boardroom brawl in. Considerations in valuating this asset include managements ability to 1 identify new acquisitions, 2 execute those acquisitions on reasonable terms, and 3 integrate them effectively. The slideshow is entitled if you wait for the robins, spring will be over and it addresses the macro environment as it pertains to real estate investment trusts, and in particular, mall operators. Ackman proctor and gamble presentation business insider. Ackman, the principal of pershing square and its affiliates, is a director of jcp. Ackman s latest short presentation of 168 pages on why adp needs him to save the company can be found below get our activist investing case study. He spelled it all out in a threehour presentation at an investment conference. Instead of dumping the stock, investors sent the shares up 25 percent after the presentation, marking the biggest oneday gain in. Bill ackman on what makes a great investment articles. Valeant pharmaceuticals pershing square holdings, ltd. Bill ackman on what makes a great investment by john heins march 12, 20 advisor perspectives welcomes guest contributions. So far at target, ackman has been far less confrontational. Target missteps made by bill ackman in the days leading up to target s annual meeting may have thrown off. Pershing recognizes that there may be confidential information in the possession of the companies discussed in the presentation that could lead these companies to disagree with pershings conclusions.
Missteps made by bill ackman in the days leading up to target s annual meeting may have thrown off the support of big shareholders. Bill ackman explains everything you need to know about the. Bill ackman describes the psychological profile of a successful investor. Pershing square capital managements pershing analysis and conclusions in the presentation are based on publicly available information. In addition to commenting on his highprofile current investments, pershing square capitals bill ackman in a recent interview with value investor insight describes the general company traits he looks for in both active and passive investments, why a high public profile is an important element of his strategy, whether his thesis on j. Today we have the recent icsc mall reit presentation from bill ackman s hedge fund pershing square capital management. Pdf bill ackmans presentation on corrections corp of. Basically, ackman believes the company is underearning relative to its. Target corporation issues statement regarding announcement. Bill ackman on the psychology of successful investing. Ackman wants target to put land in reit and spin it off.
Ackman had promised to show an enronstyle fraud during the event. Join us for the 8th annual spring value investing congress in las vegas. Ackman struggles to salvage his big bet william ackman, chief executive of pershing square capital management, has watched his hedge funds investment in valeant pharmaceuticals international plunge in value. He is the founder and ceo of pershing square capital management, a hedge fund management company. Annual update presentation pershing square holdings, ltd. Pershing square contained in this presentation are based on publicly available information.
Pershing square capital is a new york based hedge fund managed by bill ackman. Disclaimer the information contained in this presentation the information is based on publicly available information about target corporation target. Bill ackmans greatest hits and misses investopedia. Annual update presentation january 26, 2017 pershing square capital management, l. This presentation and the information contained herein is not.
See bill ackmans vrxagn presentation in pdf format here. Dow jones, a news corp company news corp is a network of leading companies in the worlds of diversified media, news, education. William albert ackman born may 11, 1966 is an american investor, hedge fund manager, and philanthropist. Ackman is considered by some to be a contrarian investor but considers himself an activist inve. Its time to get off our fannie ira sohn conference may 5, 2014 pershing square capital management, l.
Tgt today issued a statement regarding the announcement made by william bill ackman, founder and ceo of pershing square, that he. Target has outlasted the notoriously bulldog investor bill ackman. It is possible that there will be developments in the future that cause pershing square to change its position regarding jcp. In this presentation, we have attempted to value an asset of valgan, which we refer to as its platform value. Description download bill ackman s presentation on ratings agencies. Ackman urges target to spin off to shareholders a real estate investment trust that would own the land under its stores. William albert ackman born may 11, 1966 is an american investor and hedge fund manager.686 1366 98 1604 1425 870 969 1350 126 819 110 1243 1432 196 893 153 671 152 1537 326 1275 674 1368 415 862 1324 1234 391 1194 71 1356 1045 524