Pershing Square Capital

Bill Ackman of Pershing Square Capital is not focused on J.C. Penney's (NYSE: JCP) real estate, but rather its operations, reports CNBC's David Faber. Faber said that Ackman's discussions have not been focused on any “quick deal," rather operational improvements for JCP to improve its earnings.

Bill Ackman of Pershing Square Capital is speaking at the Bloomberg 2010 Hedge Fund Conference and he is saying that Pershing is effectively a private equity firm, but Pershing doesn't buy control. It earns control of a company. He is saying that he has more sway because of turning a company...

Shares of Fortune Brands Inc. (NYSE: FO) are surging higher in the after-hours after the company confirmed that it has been in talks with Pershing Square Capital about potentially breaking up the company. FO said that they have not made a final decision on the matter, but investors like what they...

Bill Ackman is speaking at the Value Investing Congress, and is saying that most of his investments will be in North America, particularly in the U.S., as he understands the legal system here, and he believes it is easier to deal with domestic companies, as opposed to foreign ones. He believes it's...

Bill Ackman is speaking at the Value Investing Congress, and is saying Sears Holding (NASDAQ: SHLD) was extremely offer due to the tender offer that Sears offered, at $16.25 per shares. Ackman is saying he held onto shares, and ultimately exited the investment at $30 per share, after having...

Bill Ackman of Pershing Square Capital spoke at the Value Investing Congress, and said that the banks have marked down their books much more aggressively than in the past. He mentioned Citigroup (NYSE: C) and Bank of America (NYSE: BAC) as being two examples who have marked down books tremendously.

Bill Ackman of Pershing Square Capital spoke at the Value Investing Congress, and said that the banks have marked down their books much more aggressively than in the past. He mentioned Citigroup (NYSE: C) and Bank of America (NYSE: BAC) as being two examples who have marked down books tremendously.

Bill Ackman, said at the Value Investing Congress that J.C. Penney (NYSE: JCP) is the most economically sensitive stock Pershing owns. Ackman said it's very cheap, and is a high quality asset. He said its real estates assets are better than that of Macy's (NYSE: M) or Sears Holdings (NASDAQ: SHLD...

Bill Ackman of Pershing Square Capital spoke at the Value Investing Congress and said politics created a lot of uncertainty, and he believes after the election, it will alleviate some of the uncertainty in the market.