Here’s What Bill Ackman Has Been Buying and Selling: Herbalife Ltd. (HLF), The Procter & Gamble Company (PG)

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Another key holding is a controversial one, J.C. Penney Company, Inc. (NYSE:JCP). While many are steering clear, worried about debt, negative free cash flow, and the company’s rebranding efforts, Ackman has suggested that he might earn 15 times his investment in the company.

The only big closed position was Alexander & Baldwin Inc (NYSE:ALEX), which operates diversified businesses primarily in Hawaii (think real estate, agriculture, shipping). In its last quarter, it posted a solid profit, vs. a loss a year earlier.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What Bill Ackman Has Been Buying and Selling originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitterowns shares of Procter & Gamble. The Motley Fool recommends Beam and Procter & Gamble. The Motley Fool has the following options: long Jan 2014 $50 calls on Herbalife.

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