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Family Dollar Stores Up On Ackman Increasing His Stake
Thursday, June 9, 2011 - 2:36pm | 95Family Dollar Stores, Inc. (NYSE: FDO) shares are moving more than 2% after Bill Ackman and Pershing Square filed with the SEC that Pershing Square's stake in the company rose to 8.9% from 4.7%. At Ira Sohn, Ackman said that he had been buying shares of Family Dollar all day that day. Ackman said...
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Best Buy Jumping On Ackman Rumors
Friday, June 3, 2011 - 9:58am | 100Best Buy Co., Inc. (NYSE: BBY) shares are jumping higher this morning, well off their session lows on rumors that Bill Ackman is going to file a significant stake in the company later today. Ackman spoke at the Ira Sohn conference last week and announced a position in Family Dollar (NYSE: FDO),...
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Dollar General Shares Surrender
Wednesday, June 1, 2011 - 8:36am | 425Dollar General Corp. (NYSE: DG) shares are getting crushed in pre-market trading, down nearly 9% after the company missed earnings estimates by 2 cents this morning. The company reported quarterly earnings of 48 cents per share on $3.45 billion in revenues. Wall Street had been expecting earnings...
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Making A Fortune With A Dollar: Trading Dollar General's Earnings
Tuesday, May 31, 2011 - 8:51am | 385Dollar General (NYSE: DG) is set to report earnings tomorrow before the bell, and with investors like Bill Ackman, and Nelson Peltz in the space in Family Dollar (NYSE: FDO), perhaps it is time that investors look at the ever growing dollar store space with the industry leader. The company is set...
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Bill Ackman Thinks You Can Get $70 For A Dollar
Thursday, May 26, 2011 - 7:36am | 489Speaking at the Ira Sohn Investment Conference yesterday, Pershing Sqaure's Bill Ackman gave out a passive idea that if he's right, will give you $70 for every dollar. Ackman was talking about Family Dollar Stores, Inc. (NYSE: FDO), which he believes has significant upside from these levels. The...
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Simon Property Group Continues Slide After Ackman Reveals Short Position (SPG)
Friday, April 8, 2011 - 11:37am | 166Simon Property Group, Inc (NYSE: SPG) shares are continuing to slide one day after Pershing Square's Bill Ackman announced he was short the name as a hedge to his position in General Growth Properties (NYSE: GGP). Ackman said that he did not have any qualms with how Simon Property Group was run as...
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Alexander & Baldwin Up 17% On Ackman Disclosure (ALEX)
Friday, April 1, 2011 - 10:25am | 80Alexander & Baldwin, Inc. (NYSE: ALEX) shares are soaring 17.1% today on news that Bill Ackman of Pershing Square has started an activist position in the name. Ackman and Pershing Square own a 8.6% stake in the company, owning 3,561,943 shares due to portfolio activity on March 21st....
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Pershing Square Has Monster February (GGP, HHC)
Thursday, March 3, 2011 - 12:49pm | 110DealBreaker has acquired Pershing Square's returns for February. The fund returned 3.4% during the month, and 3.1% net of fees. For the year, the fund is up 0.9%, 0.5% net of fees. Pershing Square, run by Bill Ackman, has large positions in General Growth Properties (NYSE: GGP) and Howard Hughes Co...
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Bill Ackman Raises Stakes In Fortune, J.C. Penney (JCP, FO)
Tuesday, February 15, 2011 - 9:18am | 394Legendary value investor Bill Ackman of Pershing Square Capital has raised his stake considerably in two companies he's gone activist against, Fortune Brands (NYSE: FO) and J.C. Penney (NYSE: JCP). Ackman raised his stake in Fortune, which is in the process of spinning off its home and security...
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Bill Ackman Added To J.C. Penney's Board (JCP)
Wednesday, February 9, 2011 - 3:17pm | 236Legendary investor Bill Ackman has joined the J.C. Penney (NYSE: JCP) board along with Vornado Realty CEO (NYSE: VNO) Steven Roth. Ackman spoke about what he would like to do with the 108-year old retailer at the Harbor Investment Conference last week, saying he sees vast potential for the...
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Two Investment Legends At The Harbor Investment Conference (GGP, HHC, JOE, C, GS)
Friday, February 4, 2011 - 5:00pm | 1480Bruce Berkowitz and Bill Ackman spoke at the Harbor Investment Conference yesterday and discussed a wide variety of topics, with the two legendary investors interviewing each other over a wide variety of topics. Berkowitz of Fairholme Capital, was interviewed by Bill Ackman, the conference's Co-...
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Bruce Berkowitz To Be On CNBC Tomorrow (JOE, AIG, CIT, SHLD)
Tuesday, February 1, 2011 - 2:06pm | 88David Faber has announced that Bruce Berkowitz will be on CNBC tomorrow to discuss various topics. His holdings include St. Joe (NYSE: JOE), American International Group (NYSE: AIG) and CIT Group (NYSE: CIT) among others. Berkowitz is set to speak at the Harbor Investment Conference this week,...
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Zings Of The Day (JCP, SLE)
Monday, January 24, 2011 - 4:55pm | 104J.C. Penney (NYSE: JCP) announced this morning it would be adding Bill Ackman and Steven Roth to its board of directors in an effort to create more shareholder value. Might I suggest carrying clothes I like? Sarah Lee (NYSE: SLE) received a joint bid from Bain Capital and Apollo Group, in excess...
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Now The Time To Enter J.C. Penney? (JCP)
Monday, January 24, 2011 - 9:00am | 488Legendary real estate investors William Ackman of Pershing Square Capital and Steven Roth, chairman of Vornado Realty Trust (NYSE: VNO) are going to be added to the board of directors at J.C. Penney (NYSE: JCP), as the struggling retailer seeks to improve its growth prospects. In addition to the...
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Will Bill Ackman's Borders Trade Work Out? (BGP, BKS)
Wednesday, January 19, 2011 - 3:54pm | 242Bill Ackman, the portfolio manager of Pershing Square Capital, has been lauded for some of his investments, most notably in General Growth Properties (NYSE: GGP) and Target (NYSE: TGT). One trade that isn't working out so well for the silver-haired investors is Borders Group (NYSE: BGP), the book...