Activist investors move the stock market, and no one does it better than the aggressive billionaire investor Bill Ackman of Pershing Square has enjoyed a fair amount of success and losses as well. Despite being considered a short term investor Fox Business, Deirdre Bolton, notes that Ackman is a long-term believer of Warren Buffet, who is considered the godfather of long-term investment. It has not been the smoothest of rides for Ackman having suffered big losses on investments in Target Corporation (NYSE:TGT) and J C Penney Company Inc (NYSE:JCP) while being entangled in a fierce tussle over Herbalife Ltd. (NYSE:HLF).
Ackman has always maintained that he makes investments that are good for his investors, as well as the entire market thus the fierce tussle over Herbalife Ltd. (NYSE:HLF) business model.
“You have this idea of tension right to your point, are they in for the long haul are they in for the short haul but Ackman really makes it a clear case that in more than a few positions he is in for the long haul. […] Even on J C Penney Company Inc (NYSE:JCP) that it is when you speak about tears. When a lot of people remember him or with this position in Target Corporation (NYSE:TGT) both of which have been as he would tell you himself clear failures,” said Mrs. Bolton.
The better part of last year, Ackman was engaged in a fierce tussle over Herbalife Ltd. (NYSE:HLF) reiterating that the stock was headed to zero while his counterpart Carl Icahn reiterated a long position on the stock. Herbalife according to Ackman is a ‘pyramid scheme’ that does not have any prospects of survival in the long haul.
Amidst the success in the stock market; the activist investor has also lost quite a lot with the notable one being a loss of $475 million on J C Penney Company Inc (NYSE:JCP), which Bolton notes was quite emotional. The aggressive investor tried all he could include management change in a bid to revitalize J.C Penney but to know success.
Target Corporation (NYSE:TGT) is another investment that did not pan out well for Ackman seen by losses amounting to highs of $1.5 billion according to Bolton.
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