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As Valeant Crashes, Ackman's Other Holdings Are Dumping (Except One)
Valeant is crashing again this morning...
... following an article in the WSJ which describes how close Ackman got to pulling the plug on his investment:
Among other things, Mr. Ackman has pressed Mr. Pearson for answers, told the lead Valeant director that Mr. Pearson might have to go, and considered dumping his entire initial investment in Valeant, for which he had paid $3.8 billion. Ultimately, he decided to invest even more on the belief that Valeant’s risks are less serious than other investors believe.
Today, on fears of cross-liquidation, the rest of Bill Ackman's holdings are also in free-fall (except Herbalife - his biggest short - which is spiking on forced cover expectations):
Two weeks ago we warned readers to stay away from these Ackman-toxic names:
... we - and others - thought a glance at Bill Ackman's largest holdings (of which Ackman has now lost nearly $2 billion on Valeant alone in 2015) was worthwhile in case things start to escalate even quicker: after all, losing nearly a billion dollars in one day will make even the most hardeneded LP nervous and one wonders how long before the rest of Pershing Square's holdings are liquidated
Trade accordingly.
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Bonus Chart: With the morning full of talking heads proclaiming Bitcoin a speculative bubble not suitable for the average investor, we thought some context would help...
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buh bye
Ackman is taking it front and back. Prepare for liquidation!!
"Ackman's investors are taking it front and back. Prepare for liquidation!!"
*FIFY Ackman will still get his 2% though.
Ackman the whore, receiving a good quad-penetration (both ears, mouth, and asshole . . . unless the markets ripped him a new hole). . . for the discount price of 2%.
Body waxing parlors call it Back, Sac and Crack
Who cares? There is a real economy to run devoid of Zionist dilutions. The real economy crashed in 2008 and its not coming back until the Zionist are gone. That is the world we live in.
Prime directive; make repeated mature posts about Bitcoin on non-Bitcoin related threads. OOOPS!
https://localbitcoins.com
9 billion in revenue and 30 billion in debt (which = money)....what could possibly go wrong
I, for one, am thoroughly enjoying the disintegration of Valeant and Ackman along with it. The Herbalife thing is just the cherry on top. Like "Here. Here's a little salt to rub in that fucking open wound of yours."
There's nothing I don't like about this situation. I could use some fresh popcorn if you have a minute, though.
Indeed. I watched the research guy from Citron rip the face off the idiot from the BlowHorn asking him questions the other day.
It was priceless....
Edit: Downvotes? Must be Valeant stock holders who are getting cornholed.
What I don't like about it is Herbalife, it's a disgrace they were ever allowed to go public - they should be jailed
On Wall Street, this whole story is being referred to with a smile as "Kill Bill"
Wouldn't it be the shits if this was a black swan event?
"Ackman's fault."
Yeah, I could see that. Got a nice ring to it. Rolls off the tongle easily.
I dunno. "The Obama Depression" sounds better
There is no way they hang it on a guy with a last name like that. It will be some guy from India or the evil Russian hackers.
His fellow compadres smell blood in the water and are now circling him
Worst since Ackman.
^^^^ Winning comment.
Yes in deed Lee Mon! Is dead . Ack Mon ! it is
I'll bet Herbalife is soaring because Ackman is being forced to cover. A four hour phone call over one stock (Valeant) speaks of desperation.
We at ZH had lengthy posts about his announcing that he's Short will lead to his Positions being shot at.
Also HLF has the same shady accounting practices going on, but they're being protected by the House of Ichan.
Couldn't happen to a nicer guy.
Dear SNB, just mark it $34 as thats what you'll see by EOW.
Welcome to the shitshow Ackman. Keep your ticket stub and you will be let in the house of mirrors for free!
I wish Herbalife would just die already...
So does Ackman. Not happenin'
Apparently....Maybe all the Dreamers are buying in to that particular ponzi?
Too many 'tards out there leading kickass Herbalives for it to die.
This is exactly how all other overvalued, make nothing, roll ups should flame out...killing paper tigers, one at a time.
Quick someone tweet something, save the market....
Captain Yellen... "No Icebergs ahead, Full Steam Printing" From the bow "Captain are those Swans?"
I guess he must have crossed some Goldman leader....probably beat him at golf or squash.
Passt....hey buddy, wanna buy some Valeant? CHEEP CHEEP!
"Passt....hey buddy, wanna buy some Valeant? CHEEP CHEEP!"
Here come the spam eMails:
"This Penny stock is about to Explode! Buy now or miss out!"
With my luck he's probably long gold as well.
Sounds like a good time to invest in Astroglide. Rising demand and so forth.
Ok. I will comply with my masters. I won't even allow my brain to even consider anything related to Bitcoin and Blockchain until Jamie Dimon, Becky Quick, Cramer, Pisani, and of course the BIS and all Fed Governors grant me the explicit approval to do so.
Why does ackman suck so bad? He had to know valeant was a terrible idea. Did he even bother to read Security Analysis by Graham and Dodd?)
Cry me a river...
"Cry me a river..."
It will be Ackerman's Investors that end up crying a new ocean.
If Not Ackerman Investors, then Fink's (aka BlackRock)
http://www.bloomberg.com/quote/BGIEFAE:ID
Amazing that a stock can shed 75% of its mkt. cap and STILL be overpriced. What a joke this market is.
Something like $70B?
oops...
Investors who lost on Valeant should sign up for class action https://steinmeyerlaw.com/valeant-pharmaceuticals-vrx/
Still waiting on the Class Action for Gold and PM shares
LOL on class action on PM
Maybe you can become lead plantiff and have a huge target placed on your chest. Tell your friends and family not to fly with you in future. Accidents do happen.
Hey, it IS a free market! Ha-ha-ha.
Worst boning since Lehman!
Is Citadel next or does Bernanke have their back
Any updates regarding Theranos? Someone said they RAISED MORE bernanke bux a few days ago.
anybody look at Facebook earnings, GAAP was up 1 cent or 3%, non gaap up 14 cents or 32%. Its nice to be able to exclude recurring expenses from P&L.
GAAP dollar net income was up 90 million while non gaap up 479 million--
one day reality will set in and we have the mother of all flash crashes. Then, just pull the plug.
it is ironic that exec stock comensation costs are excluded from expenses, pushing up non gaap earnings and stock prices and exec stock compensation. The top exec position mush be Sr VP of financial engineering.
Valeant fair value $1.00 $2.00 hahaha is that per share or the company?
We are in the Ackman killing business, and brother business is good!
Ackman: I guess I picked the wrong day to stop sniffing glue!
The only way this could be better is if Cramer had said, "Valeant? No Valeant is fine."