The Howard Hughes Corporation (HHC): Bill Ackman Says it Has Favorable Economic Characteristics

As usual, Pershing Square‘s Bill Ackman discussed in detail all the positions from the fund’s 13F portfolio in its new 2018 Annual Investor Letter. A copy of the letter you can find – here. Among those positions, was The Howard Hughes Corporation (NYSE:HHC), for which Bill Ackman said that in spite of its highest level of residential land sales, which it recorded in 2018, the company is still struggling with investors lack of understanding, which caused its price to drop in the fourth...