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Bill Ackman : Fighting for Failure
Submitted by admin on Sun, 12/16/2007 - 15:03
Just how much can one activist investor take? A lot, if your name is Bill Ackman.
Ackman's Pershing Square Capital Management does not quietly sit by as the companies it invests in go about their business. Each investment requires a different strategy: When he bought shares of McDonald's two years ago because he thought they were undervalued, Ackman reportedly spent a day behind the counter at a local franchise to see how the hamburger chain works.
When he first noticed weaknesses in the business model of the bond insurer MBIA five years ago, Ackman shorted the stock and promptly started sharing his analysis on the company's impending doom with just about anyone who would listen.
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