Pershing Square is listed on the Amsterdam exchange, so they had a nice little conference call today–where Ackman discussed how stupid everyone at his company is and how they will continue to make misinformed and malevolent decisions for their stakeholders.
“I describe ‘experience’ as making mistakes and learning from them,” said Ackman.
Then he rambled on about how many mistakes they all made, squandering billions of dollars and acting like general fools during the whole VRX ordeal.
But it’s imperative you understand his most important point.
Let’s not handwring over these missteps now. There will be a time and place for that (hopefully never, duh). But now is the time to fix the problems and Valeant is now considered to be a ‘classic Pershing Square investment’– just like Jc Penney and Herbalife short.
They’re in the process of fixing the problem.
Shares of VRX are screaming higher, as clowns file out of the clown car–rushing to buy in. Today’s move is the largest single day spike for VRX in more than 10 years.
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Thinking about buying some puts.
another beautiful day tho
Valeant has more skeletons in its closet than Mexico City has on Día de los Muertos.
i doubled down at 28.60 with yesterday’s move.
I’ll sell when the gap fills higher in later months.
That picture. JABBAWOCKEEZ 2.0?
With all the shadiness and legal tip toeing in Pershing’s holdings and Ackman’s actions, has anyone questioned why Pershing Square is listed on the Amsterdam exchange and not on an American one? Is there some sort of tax benefit, inversion-esk? This, in and of itself, is questionable to me.
CLOWN FIESTA