Pershing Square’s billionaire Bill Ackman revealed his thoughts on Automatic Data Processing (NASDAQ:ADP) in the fund’s recently published 2018 Annual Letter. If you are interested you can find a copy of the letter – here. In short, Bill Ackman emphasized that the company’s recent financial results confirm the changes it has made were good, and he expects even stronger validation in the upcoming quarters. Here is what he said:
“Automatic Data Processing, Inc (“ADP”)ADP is a...
