I have no reason to constantly keep tabs on the olde sport, but I just can’t help myself until this saga is concluded.
In yet an amazing blow up, Pershing Square, seemingly, timed another gigantic purchase horribly. About a month or so ago, Ackman announced he’d taken a $1.2b position in CMG, or 2.9m shares, a 9.9% stake in the beguiled burrito maker.
Unfortunately for Bill, his deal with the devil has expired and all of his picks are now made using his stupid narcissistic brain of his.
Shares of CMG have imploded today, off by 30 points after reporting abysmal numbers and operating margins that might inspire Jeff Macke to start drawing cartoons about the whole ordeal.
Pershing Square is down roughly 20% for the year, with assets around $10-12b — down by about half from his peak a few years ago.
If you enjoy the content at iBankCoin, please follow us on Twitter
Wonder what it feels like to have banked your coin years earlier then watch your current investors squirm as you lose them millions …
Just a heads up Mr. Fly.
Don’t know if you are still holding some gold stocks but after the close the big boys (NEM,ABX,AEM,GG,CDE,etc.) report after the close today.
And I was upset ILMN was down 1% yesterday. Perspective!
Imagine what it’s like to look at your screen and see you are down $100,000,000 for the day.
That was your money dropping 1%. He watches other people money drop! I wouldn’t want to handle those phone calls he must get
What a fine way to start the morning with some good-natured ribbing of Mr. Ackman.
A restaurant can’t possibly expect to continue as a going concern after poisoning people.
LOL! ” … his deal with the devil has expired” “…might inspire Jeff Macke to start drawing cartoons”