Pershing Square

The annual Ira Sohn Investment Conference was held in New York on Wednesday. At the event, which supports the treatment and cure of pediatric cancer, many of the world's most successful hedge fund managers and other noteworthy investors pitch stock ideas to their colleagues. The investment ideas...

Hedge fund manager Bill Ackman spoke at the Ira Sohn Investment Conference on Wednesday after the market close. The Pershing Square founder said that he is still bullish on shares of J.C. Penney (NYSE: JCP), a company in which his fund has a large stake. He called the investment idea "contrarian"...

Canadian Pacific (NYSE: CP) today sent the following letter to shareholders: April 26, 2012 Dear Fellow Shareholder: You face a critical decision about the future of your company at Canadian Pacific's annual meeting of shareholders on May 17, 2012: * You can vote for the continued success of CP's...

Pershing Square CEO, Bill Ackman, appeared on CNBC this morning discussing his investments and the housing market. Some of the the highlights of the interview: -Ackman Said Home Buying is Still Crimped by Fear of Job Situation -Ackman Thinks Situation in Greece is Priced into World Markets -...

Maybe Bill Ackman really does know what he's talking about. Lowe's (NYSE: LOW) reported third quarter earnings this morning that beat Wall Street estimates, and shares are responding in kind, gaining more than 2% as of the time of this article. The Mooresville, NC-based company reported...

J. C. Penney Company (NYSE: JCP) reported third quarter earnings this morning that once again missed estimates, and shares are down almost 3% in early Monday trading. It also guided lower for the fourth quarter, the biggest shopping season of the year. The company reported third quarter earnings...

The following comments were provided by Canadian Pacific (NYSE: CP) on the Pershing Square investment in the company: "While we have an active dialogue with many of our investors, our practice is not to comment on those discussions. As you may be aware, in a regulatory filing Friday with the U.S....

Towards the close of trading on Friday, shares of Canadian Pacific (NYSE: CP) started spiking on no news. Benzinga contacted the company, and the company did not have any reason why the stock spiked. After the close of trading, Pershing Square reported a 12.2% stake in the Canadian railroad, which...

Ali Namvar of Pershing Square, speaking for Bill Ackman, mentioned Fortune Brands Home & Security (NYSE: FBHS) as its top idea for the company at the Value Investing Congress. The current valuation assumes minimal housing recovery over next five years, and could be worth $18-$27 per share: mid...

With this morning's mixed picture, the answer to the question remains a big "no one knows." August housing starts came in at 571,000, down 5% month-over-month. Building permits were a little better than expected, coming in at 620,000. Economists had been expecting 590,000 starts. This is up 3.2...