Great book…
Tag: ackman
Great book…
Categories
Book Review: “Confidence Game” (UPDATE)
**** UPDATE: For those interested in the book, Ackman will be on CNBC tomorrow morning guest hosting from 7am-9am talking about it and I am assuming GGP (since he is no longer on the board, he is free to talk)****
Could not put this book down. This a riveting account of a tenacious investor, incompetent/apathetic regulators & analysts and a company that hid information, deceived investors and used every connection it had in its attempts to silence him. At points this reads like a John Grisham novel…..except it actually happened.
For me, this is the best of the “melt down” books to date…hands down
Categories
Book Review: "Confidence Game" (UPDATE)
**** UPDATE: For those interested in the book, Ackman will be on CNBC tomorrow morning guest hosting from 7am-9am talking about it and I am assuming GGP (since he is no longer on the board, he is free to talk)****
Could not put this book down. This a riveting account of a tenacious investor, incompetent/apathetic regulators & analysts and a company that hid information, deceived investors and used every connection it had in its attempts to silence him. At points this reads like a John Grisham novel…..except it actually happened.
For me, this is the best of the “melt down” books to date…hands down
For those not sure this still values GGP at $15…
Categories
Ackman’s REIT Presentation from 12/7 $$
The future looks bright for REIT’s.
Categories
Ackman's REIT Presentation from 12/7 $$
The future looks bright for REIT’s.
So I am sitting there at the kids hockey practice Friday afternoon having a blast watching son #1 score some pretty goals and son #2 go “Abu Ghraibe” on a few kids when my blackberry starts going nuts. “Ackman sold GGP shares” were the emails and a few twitter DM’s said the same. Buzz kill…..
You see Pershing Square filed its 13F late Friday and General Growth was not listed as a holding….
Here is the story. General Growth Properties (GGWPQ) is no longer classified as a “reportable security” for the purposes of 13F filings by the SEC. Don’t ask we why they say it isn’t (my guess is because it is in bankruptcy) I make no claim as to being able to discern why the SEC does what it does, it just is…
BUT, as a member of the Board of General Growth, his activity as it relates to the stock would be reportable on a Form 4 filing. Because of that, if/when he does sell/buy actual shares, we will be notified ASAP as Form 4’s must be promptly filed….
Interesting note his being back in McDonalds (MCD)….
Here is the filing:
Disclosure (“none” means no position):Long MCD, GGWPQ