It’s starting to sound like Ackman is done playing games with the fuckheads at Valeant. In a significant change of tone, Broadway Bill said if things didn’t appreciably improve at Valeant, either managment would be changed or the whole company sold to the highest bidder.
“It will be a messy fourth quarter and a messy first quarter but after that things should stabilize,” Ackman, whose Pershing Square Capital Management is Valeant’s third largest owner said at the Harbor Investment Conference.
“Either management will restore confidence in the reputation of the company with the public and the investment community or they won’t,” Ackman said. “If they can’t, then one of two things will happen. New management will be brought in or the business will be sold.”
“A lot of the uncertainty will lift in the next weeks,” he said referring to the earnings statement that is expected to be filed next week.
But Ackman conceded that Valeant is “the most contrarian stock investment you can own right now.”
At the height of Bill’s popularity, these statements would’ve lit a fire under the stock. However, times have changed and everyone just sort of yawns at these statements now.
VRX is nudging higher, if you will, for the day.
Hmm. The oil market doesn’t seem to be worried about oil demand growth from China being halved by 2020. Could it possibly be that the Chinese economy & government are so opaque that no one knows what they are talking about with regard to China? Could it be that your guess is as good as mine, as to what is really going on in China? And that your cat’s guess is as good as Deutsche Bank’s guess?
WTF does that comment have to do with Valeant? Frog, you’d have to be 100X more intelligent to even qualify as a retard.
he is a retard
I hope he gets banned
Another comment cementing the Fly’s comment section as the worst on the site.
How do they say “blow me, Bill” in Canadian?