Bloomberg article on Bill Ackman, founder of Pershing Square Capital Management. Discusses some of his investments, including Sears (SHLD) and Target (TGT).
Article points out that Sear and Target,
“.. reached record levels of short interest as a percentage of publicly traded shares in the last month. Sears led the Standard & Poor’s 500 Index with 55.9 percent as of Aug. 12, according to Bloomberg data. Target’s reached 7 percent.”
Memorable quotes by Whitney Tilson founder of T2 Partners:
“It’s easy to say when a stock has declined after you buy it that you’ve made a mistake, but there’s a big difference between being early and being wrong”
“The fact that there are so many naysayers out there,” he said, “just means that vindication will be all the sweeter”.
Disclosure (“none” means no position): Long SHLD
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