The Business Insider (Free subscription) | 10/26/2009
Bill Ackman is frequently known for the companies he attacks, but here's one he likes: Corrections Corp of America (CXW). It's the largest manager of private prisons in the country, and jailing convicts is a growth business. MarketFolly got a copy of the presentation he recently gave at the Value Investing Conference. See why he LOVES this industry >> Bill Ackman's...
market folly (Free subscription) | 10/26/2009
Bill Ackman's hedge fund Pershing Square Capital Management recently revealed their long position in shares of Corrections Corporation of America (CXW). At the Value Investing Congress , Ackman labeled CXW as 'one of the best real estate businesses around.' He also said that it could potentially make a nice pairs trade. While he didn't intend it to be this way upon execution,...
GuruFocus Updates (Free subscription) | 10/24/2009
By Karl. Bill Ackman was the closing speaker at the Value Investing Congress in New York City. Read more » »
Market Watch (Free subscription) | 10/20/2009
NEW YORK (MarketWatch) -- Pershing Square hedge fund manager Bill Ackman highlighted prison operator Corrections Corp. as one of the best real-estate businesses around, during a presentation at the Value Investing Congress in New York on Tuesday. The government is a major customer and there is strong demand for prison space and limited supply, Ackman explained. "It's also...
market folly (Free subscription) | 10/21/2009
Yesterday we posted up a collection of notes from the first day of the Value Investing Congress where we detailed investment ideas from David Einhorn, Julian Robertson, and more. Today, we're back with notes from the second day of the conference with picks from Pershing Square's Bill Ackman, Eric Sprott of Sprott Asset Management, and Whitney Tilson's hedge fund T2 Partners. Let's get...
Market Watch (Free subscription) | 10/20/2009
Pershing Square hedge fund manager Bill Ackman highlights prison operator Corrections Corp. as one of the best real-estate businesses around during a presentation at the Value Investing Congress in New York.
market folly (Free subscription) | 10/15/2009
Last week the Great Investors' Best Ideas symposium took place in Dallas, Texas and some prominent hedge fund managers presented actionable investment ideas which we wanted to cover. Notable presenters included David Einhorn of Greenlight Capital, Bill Ackman of Pershing Square Capital Management, Mario Gabelli of Gamco Investors, and James Grant of Grant's Interest Rate Observer , amongst...
The Business Insider (Free subscription) | 10/09/2009
What's short-selling god Bill Ackman up to? MarketFolly : [Ackman] presented his latest short idea at the Great Investors Best Ideas conference in Dallas, TX where he spoke with other prominent hedge fund players such as David Einhorn of Greenlight Capital . At the conference, Ackman laid out a short thesis for Realty Income (NYSE: O). The rationale behind his play is as...
The Business Insider (Free subscription) | 10/07/2009
Bill Ackman’s Pershing Square is still doing very well, thank you. A source close to the firm confirmed for us what was previously reported by Dealbreaker . Pershing Square LP is up 6.1% for September, which brings the fund’s year-to-date returns to 27.4%. The fund, with $1.66 billion in assets under management, is long credit default swaps, with approximately $350 million...
SeekingAlpha.com (Free subscription) | 10/11/2009
Market Folly submits: Pershing Square hedge fund manager Bill Ackman presented his latest short idea at the Great Investors Best Ideas conference in Dallas, TX where he spoke with other prominent hedge fund players such as David Einhorn of Greenlight Capital . At the conference, Ackman laid out a short thesis for Realty Income (NYSE: O ). The rationale behind his play is as such:...
market folly (Free subscription) | 10/09/2009
Pershing Square hedge fund manager Bill Ackman presented his latest short idea at the Great Investors Best Ideas conference in Dallas, TX where he spoke with other prominent hedge fund players such as David Einhorn of Greenlight Capital . At the conference, Ackman laid out a short thesis for Realty Income (NYSE: O). The rationale behind his play is as such: He thinks Realty Income...
The Reformed Broker (Free subscription) | 10/08/2009
Stuff I’m Reading this Morning… Goldman Sachs is recommending the BRIC-related stocks going into earnings season, here are their 50 favorite plays: (PragCap) The most important news of the day. (Clusterstock) Pershing Square’s Bill Ackman has a new short position. (DealBook) Classic: NBC wants Jay Leno to have an affair! (BorowitzReport) Pessimism Porn takes a hit....
GuruFocus Updates (Free subscription) | 09/25/2009
By guruek. (GuruFocus, September 25, 2009) Investment Guru, Manager of Pershing Square funds Bill Ackman sent out his latest Quarterly Letter to investors. It is a bit overdue because the man insists on write the letter himself. Recalling the incident he fought so hard and failed to nominate a different slate of BOD in a proxy fight with Target Corp. management, the activism Investment...
GuruFocus Updates (Free subscription) | 09/25/2009
By guruek. The latest Bill Ackman Quarterly (2Q09) contains a good discussion on this topic: Read more » »
market folly (Free subscription) | 09/24/2009
Courtesy of Dealbreaker , here's the latest from Bill Ackman's hedge fund, Pershing Square Capital Management . His second quarter correspondence is a bit tardy and he acknowledges that in the letter. Referring to their positions, Ackman discusses their stakes in Target (TGT), EMC (EMC), General Growth Properties (GGWPQ), Automatic Data Processing (ADP), and his return to shares...
