Pershing Square (PSH)

By Feddie, September 29, 2015

Almost 5% drop due to Valeant. Good entry point vs. big red flag for Ackman’s risk assessment skills. I am already in so have to ride the storm but deciding whether to nibble in or wait.

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Travis Johnson, Stock GumshoeFeddie Recent comment authors

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Travis Johnson, Stock Gumshoe
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You never have to be in. Selling a losing stock (or fund) is OK if you change your mind about it, or if the company isn’t what you thought it was. I’m basing my holdings in Pershing Square on Ackman’s long-term performance of beating the market, including several high profile mistakes (Target, JC Penney, perhaps now Valeant)… I don’t imagine Bill Ackman is sending candy to Martin Shkreli for calling attention to the pricing arbitrage taking place (to at least some degree) at Valeant, and it is somewhat troubling that Pershing Square got into biotech (Valeant/Allergan) just moments before the… Read more »

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