Bill Ackman Begs To Differ With David Tepper On Economy

As far as oil is concerned, Ackman didn’t pass judgement, since his fund doesn’t own stocks with exposure to the energy commodity, but the investment that he showed particular enthusiasm for was Mondelez International Inc (NASDAQ:MDLZ).

What Exactly Is Hidden Under Mondelez International Inc (NASDAQ:MDLZ)’s Hat?

While Ackman admitted that he is no prognosticator and that the market could head in another direction than where he thinks it is headed, at least in the short run, he was certain of the big picture, the long-term view. In this regard, he had great hopes for his investment in Mondelez International Inc (NASDAQ:MDLZ), which he was confident was going to be considerably more valuable in a couple of years. In his opinion, either the business will improve considerably in the near-term in terms of profitability or it would serve to be a great takeover target. Pershing Square disclosed a stake of 120.27 million shares in Mondelez International Inc (NASDAQ:MDLZ) in early August, amassing about 7.5% of the company’s outstanding stock.

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