WILLIAM ALBERT ACKMAN CLOCKS IN AT -24.5% FOR THE YEAR

Help poor Billy out, would you? Where is your pagan holiday spirit? Buy some PAH and VRX and tell your friends to send him some money to manage, so he can average down at this cheap levels.

Ackman’s $14.5 billion Pershing Square Capital Management paid roughly $186 per share for its 21.4 million shares of Valeant. The stock closed at $72.58 on Wednesday. Last year, the hedge fund was one of the industry’s best performers with a 40 percent gain.

It should be noted, Ack-attack netted 40% last year, is worth billions, and owns a $100 million apartment in NYC, totally vacated, just because he felt like buying it.

Having said that, I went in with Billy on this PAH. Thus far, my brains are all over the floor, next to his.

FML