reddit pershing square

Indeed, the most similar firms can be seen as Carl Icahn’s investment fund IEP and Buffett’s Berkshire Hathaway, both of which have similar long-term track records to Ackman. Sports Entertainment Acquisition Corp 21 +320%: STIC. (2) PSH is extremely undervalued compared to its peers. Pershing Square SPAC: OutSystems Low-code is one of the hottest areas of technology. Share your opinion and gain insight from other stock traders and investors. I just see the NAV prices but not seeing an implied discount. Define Pershing Square Non-Control Agreement. That knowledge lead him to be squeezed. Great point. Source: Slide 9 of this presentation (https://assets.pershingsquareholdings.com/media/2017/01/26165616/2016-PSH-Annual-Update-Presentation-FOR-DISTRIBUTION-1.pdf). As a result, investors will not be charged any performance fees until the NAV reaches the “high water mark” value of $26.37 per share. “The final design is an attempt to achieve a modern, radical openness to Pershing Square,” Huizar said. Author here. Pershing Square Capital Management. Pershing Square Tontine Has a Reddit Problem Josh Enomoto 1/30/2021. For reference, NAV is currently $18.75 and thus the next ~40% of NAV appreciation will be fee-free. As Buffett says, “size is the enemy of performance” in investment. Jan. 29, 2021, 02:07 PM. a business where intrinsic value > price), no matter how good an opportunity it is, we are always implicitly relying on mean reversion - the belief that over time price will approach intrinsic value, whether this be through liquidation, acquisition, a shift in market sentiment, etc. Imo the thesis isn't based on him "starting to invest well again" (although some points are included supporting this they are, imo, not essential to the thesis) but rather on the fact that the market is pricing PSH based on the last 3 years of underperformance and ignoring the 11 previous years of outperformance and the overall 14 year track record of significant outperformance. The gross results (i.e. You can clearly see what Ackman is invested in, so just recreate his portfolio - that way you don't have to take a NAV discount related to a "holdco" structure and the Ackman name/brand (which is tarnished forever, and there's no way he ever gets back to the high-water mark). I also think, given his concentrated portfolio and consequently much higher variance, 3 years of underperformance are statistically much less significant than most other funds. In 2011, Pershing Square Capital Management, an activist hedge fund founded by William (Bill) Ackman, acquired some 14.2% of Canadian Pacific Railway’s outstanding shares and proceeded to require several changes in the management and governance of the company. This heat, no peace. It wouldn't surprise me if he relies too heavily on sell-side research. In order to be considered for the Pershing Square Scholarship, you must apply to the 1+1 MBA by the January 2020 deadline. The fine folks at Reddit … But there are also opportunities to … Bill Ackman's Pershing Square Sold Its Starbucks, ADP Stakes As a result, in February, the Pershing Square funds purchased credit default swaps (CDS) on various investment grade and high yield credit default swap indices, namely the CDX IG, CDX HY, and ITRX EUR. Is PSTH stock going to explode in the next couple of months? However, PSTH stock has gotten way too ahead of itself.More From InvestorPlace Why … If its Stripe we could be in for Big profits. Down in Pershing Square is a tower that someone’s erected, with a bright Christmas ornament at the top. In a Lee Cooperman interview, he said Bill announced to 500 people he's short 20% of a company allowing his arrogance get in front of his intellect. "A … Is PSTH stock going to explode in the next couple of months? No fees — While closed-end funds normally trade at a small discount to NAV due to fees charged (US closed-end funds trade at an average of ~4.5% discount to NAV), PSH’s management agreement has a “high water mark” features such that investors only pay performance fees on increases in NAV above the highest NAV at a which a performance fee has recently been charged. … Stocks Pershing Square Tontine stands out from the crowded SPAC field. It's Bloomberg. He manages the funds of the British investment trust ‘Pershing Square Holdings,’ which was launched by ‘Pershing’ in December 2012. Personal factors — Ackman is clearly fiercely competitive and is unsatisfied with recent results. In the first 2 weeks of May alone, Ackman purchased 10,804,142 public shares at an average price of $14.79/share ($160M total) while Mr Botta (CFO of PSH) purchased 18,648 shares at an average price of $14 ($261,072 total), he is selling luxury apartments from his successful real-estate venture in Philadelphia. On Reddit… In the US, the average closed-end fund trades at a 4.5% discount to NAV. It’s worth noting that PSH runs a notoriously concentrated portfolio with generally less than 10 positions and thus suffers from much higher volatility than most funds. Lawsuits settled — Alergan/Valeant insider trading lawsuits have now been settled, eliminating one of the major sources of uncertainty regarding PSH stock price and allowing Ackman to focus solely on delivering alpha. Click on a fund to see a list of all its 13f holdings. As The company was incorporated in 2020 and is based in New York, New York. The first evening, when the … Pershing Square Tontine Holdings is a blank-check company from the legendary investor Bill Ackman. Pershing Square's latest investor presentation said the firm sold its investment in ADP in June after taking a proxy fight to the data-processing company at the end of 2017. Pershing Square Tontine Holdings, Ltd. does not have significant operations. The post Pershing Square Tontine Has a Reddit Problem appeared first on InvestorPlace. Rumored to be working on a $1 billion+ SPAC IPO filing. Share your opinion and gain insight from other stock traders and investors. This is an incredible long-term performance and 2018 results (8.8% vs 0.97% S&P) suggest mean reversion is underway and his 3 year losing streak may be over. In addition, the insider trading law-suits have now been settled and his divorce proceedings, initiated in 2017, are now concluded as well (the financial ripping he reportedly took here may provide additional motivation to improve PSH’s results). He doesn't represent anything I would be proud of (activist investor) so I won't put my money into it. At first she thought it was a bell tower, but the ornament can’t ring. I am still reading up but this looks very promising. Take what you see (including the Mods) with a "grain of salt" since everything is speculation at this time on the target. There is a rumor going around that Pershing Square Tontine Holdings (PSTH) is to merge with Stripe. Pershing Square Holdings, Ltd. Issues 2020 Annual Report and Financial Statements, Announces Annual General Meeting and Proposes Three New Directors. While this had very little effect on the discount to NAV, it decreased free float and is likely to have a positive effect if demand for PSH shares go up following other catalysts. Get the hottest stocks to trade every day be Add to this all the catalysts which should act to close the discount to NAV and I believe Ackman’s fall from grace provides savvy investors with a solid investment possessing a clear margin of safety. Indeed, in the 13 years since 2004, PSH has generated 493.6% compared to 220.8% by the S&P 500, beating it by 272.8%. The park's painful divorce from its surroundings began in the 1950s with the construction of Pershing Square's notorious parking garage and continued with the most recent redesign in 1994. Together, these two companies account for over 80% of the underperformance over the last three years. A Pepe Silvia sleuth/discussion of Bill Ackman's SPAC Pershing Square Tontine Holdings 1 and 2 ($PSTH & [Pending Ticker 2]) stock: units, commons (shares), warrants, speculation, and news. Pershing Square Tontine Holdings Ltd. - Big Time Value Play Receiving Little Press. I can understand weighting recent results higher, but you'd have to solely focus on them and completely ignore past success to arrive at this level of discount to NAV. Possibility of liquidation- As a result of the above “high water mark” feature, some analysts have speculated that PSH management may eventually be incentivised to liquidate the fund in order to start a new one where they could immediately earn performance fees. Bill pushes back hard, and eventually brings up the example Stripe as a highly capitalized business, with way higher revenues than Avalara. While this is true, you have to adjust it probabilistic. 1. Pershing Square Tontine Holdings, Ltd. does not have significant operations. His track record isn't long enough to say whether his early success was a fluke and if he is likely to have average or below average returns going forward. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today released the following regular monthly Net Asset Value (NAV) and Performance Report for … However, despite recent results, I argue that: (1) PSH’s long-term track record and performance is excellent, outperforming the market by over 272.8% over the last 13 years. However, as I see it, this thesis isn't based on "hope" but rather mean reversion, which is, imo, something all value investment depends on. Did you account for Bill Ackman slashing management fees and performance fees? Pershing Square Tontine Holdings, Ltd. On July 22nd, Pershing Square Tontine Holdings, Ltd. (“PSTH”) completed a $4 billion IPO on the New York Stock Exchange. We designed PSTH to be the most investor- and merger-friendly SPAC in the world. Why would Below I'll explain why. Pershing Square thinks now is the right time to make a move. When is Bill going to announce a Definitive Agreement (DA)? InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Pershing Square Holdings (PSH) is a hedge fund run by legendary value/activist investor Bill Ackman. Source: Shutterstock. When you submit your 1+1 MBA application form you will be asked if you would like to be considered for the Pershing Square Scholarship. Personal investments by Ackman — Ackman himself has stated in the latest shareholder letter that he plans to invest significant personal funds (“several hundred million dollars”) into purchasing PSH stock over the next year. Greenblatt’s Gotham Capital achieved 40% annualized returns from 1995–2006 while having 6–8 positions make up 80% of the portfolio. For reference, NAV is currently $18.75 and thus the next ~40% of NAV appreciation will be fee-free.". Insider ownership limit removed — PSH shareholders have voted to remove the 4.99% insider ownership limit, thus allowing insiders to purchase more PSH stock and further narrowing the discount to NAV. The current design competition, formally initiated in September 2015, was launched by Pershing Square Renew, then a year-old nonprofit entity set up through the office of the city council member representing downtown L.A. in conjunction with MacFarlane Partners, a major downtown developer. The bottom line for me is that PSH's intrinsic value does not warrant a 23.5% discount to NAV; the only other funds trading at this high a discount have nowhere near PSH's long-term track record and the ones with similar long-term track records are trading at significant premiums. First, great approach and thoughtful analysis. New comments cannot be posted and votes cannot be cast, More posts from the SecurityAnalysis community, Looks like you're using new Reddit on an old browser. As far as targets go, Pershing Square Tontine is looking at employee-owned and family-controlled businesses as potential targets. In 2014, Ackman acquired a multi-billion-dollar stake, about 10 percent, in Allergan. The Pershing Square Foundation is presently granting up to five full scholarships to assist exceptional students on the 1+1 MBA, comprising both the Master’s degree and the MBA year. Successful applicants will have the opportunity to attend prestigious conferences and events throughout the year, including the Ditchley Conferences and the Skoll World Forum. In the US, the average closed-end fund trades at a 4.5% discount to NAV. Pershing Square used to be a park, a real park with, you know, trees and grass and whatnot. In Pershing Square's Value Investing & Philanthropy challenge (April 15), people are pitching a tax software to Bill [watch ~5 minutes starting here]. I know funds don't often post their greatest ideas out for everyone to see, but still, the write ups are probably indicative of their investment process. PSTH came public in July 2020, but it has not named … It has until July 21, 2022, to find a suitable company. Many factors seem to point to the fact that Ackman is now back focussed and devoting himself fully to PSH. Some self-professed cultists investing in Bill Ackman’s SPAC, Pershing Square Tontine Holdings, now are betting on a deal announcement by mid-May. Whats the word on their planned positioning the next few years. A company like Menards could be interesting to Pershing Square because of its powerful brand and the strong secular trends. Ackman’s stellar long-term record has been overshadowed by 3 years of underperformance and PSH shares now seems to offer significant value. He has delegated all marketing and PR duties to Ben Hakim in order to stay in the office focussing on financial analysis. no more public shorts and CNBC live-broadcast arguments with Carl Icahn). Related Quotes. The major reason for the large discount to NAV is the underperformance over the last few years. PSH’s portfolio is up 8.8% this year versus 0.97% by the S&P500. I see this as a market overreaction to poor results largely resulting from Ackman's very public failures (Valeant, Herbalife) as well as how hyped he was before ("Baby Buffett" etc). "A TIP for Target Shareholders," Page 2. 109. Seen from the hotel room window, the palm trees tilt. Low-code is one of the hottest areas of technology. Nevertheless, I think it’s substantially relevant for Pershing Square Tontine (NYSE:PSTH), the special purpose acquisition company that billionaire activist investor Bill Ackman sponsors. However, that has … Shares in Ackman’s Pershing Square Capital Tontine Holdings PSTH, +7.73% surged almost 7.5% in early trading on Wednesday after the hedge fund billionaire disclosed at a … Sponsor: The Sponsor of Grand Gourmet 2021 Giveaway #5 - Pershing Square, Stout Grand Central, and The Wheeltapper is the Grand Central Partnership, Inc. ("Sponsor"), with offices located at 122 East 42nd Street, Suite 601, New York, NY 10168 The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. https://www.pershingsquareholdings.com/company-reports/weekly-navs/. In the same time period, PSH provided annualized returns of 13.7% and yet it trades at a 23% discount to NAV while IEP and BRK trade at 30% and 40% premiums to their respective NAV's. At this point, PSH and more specifically Bill Ackman are effectively distressed assets. There are reports he is selling luxury apartments from his successful real-estate venture in Philadelphia in order to reinvest the money into repurchasing PSH stock. Updated multiple times a day. Billionaire Bill Ackman’s SPAC Pershing Square Tontine Holdings (PSTH) rallied some 12% intraday on speculation that the special purpose acquisition company could be close to an M&A deal. It essentially allows for … Find the latest Pershing Square Tontine Holding (PSTH) stock discussion in Yahoo Finance's forum. Overall, many factors look to be lined up for Ackman to return to his winning ways and narrow the discount to NAV. Bill Ackman’s Pershing Square hedge fund is starting to look more like America. His current portfolio seems to demonstrate this, consisting largely of solid, cashflow-generating businesses. I agree he's made some serious mistakes over the last few years and I believe either he's learned from them and his performance mean reverts to his 10 year average (closing the NAV gap over the next 1-2 years) or he hasn't and keeps delivering underperformance in which case he'll probably liquidate the fund and allow shareholders to profit off the NAV gap. ‘Pershing’ also acquired a 9.9% stake in ‘Chipotle Mexican Grill’ in September 2016. Share your opinion and gain insight from other stock traders and investors. Pershing Square Tontine Holdings Ltd. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or … Pershing Square Tontine Holdings, does not have significant operations. Stocks mentioned on Reddit, aggregated from over 20 investing and trading subreddits. Symbol Last Price Change % Change; GME. In the 1860s, it was known as St. Vincent's Park. Extremely concentrated portfolio, large caps only, infrequent trades, and virtually no esoteric holdings. Last November, Ackman told his hedge fund's investors that he hoped to announce a deal for Pershing Square Tontine Holdings, his $4 billion special purpose acquisition company, during … Pershing Square Capital Management founder Bill Ackman said that his new special purpose acquisition company is the "most investor friendly SPAC in the world." The first evening, when the heat eased off, she […] Press question mark to learn the rest of the keyboard shortcuts, He’s stated he has learned from these mistakes and will be going “back to basics” as an activist investor and avoiding the limelight going forward (i.e. It has until July 21, 2022, to find a suitable company. Find the latest Pershing Square Tontine Holding (PSTH) stock discussion in Yahoo Finance's forum. Honestly, I don't like Bill Ackman. Indeed, IEP has yielded an annualized rate of return of approximately 7.5% since 2004 (source: page 15 of this presentation) and Berkshire Hathaway 9% return since 2004. In looking at some of his investments in the last few years, it doesn't appear to me that he has any discernible methodology for selecting investments. Successful applicants will have the opportunity to attend prestigious conferences and events throughout the year, including the Ditchley Conferences and the Skoll World Forum. He is acquiring a new company with rumours either Stripe or Bloomberg. Why are there two prices ($20 or $36) on the Redemption of Warrants? Interestingly, I'd say 90% of the pitches I read on valueinvestorsclub and elsewhere are based on a "hope" thesis. The company report on February 26, 2021 that Pershing Square Tontine Holdings, Ltd. Notes Disclosure. actual investment results without accounting for hedge fund fees) are even more impressive, showing Ackman beating both the S&P 500 and Berkshire Hathaway by over 770%, with gross compounded annual returns of 18.2%. Curious to get everyone's thoughts on this.Summary. The downside of this is that afew big losers/winners can heavily skew the results. This company should be renamed to Perishing Squared for a quicker death. The city’s Department of Recreation and Parks committed $1 million toward the park’s … Being an activist, part of his goal was to force Allergan into being bought by Valeant. Submission should've been a Comment in the Daily Thread, Don't Lazily Submit Links or Sell/Advertise/Promote Anything on r/PSTH. Stock buyback — $300M stock buyback offer has been completed at a strike price of $13.47/share, reflecting a 20.5% discount to NAV. The fine folks at Reddit already think I’m a useless pile of manure so this take will be injurious to me because it might strike a little too close to home. Pershing Square Holdings (PSH) is a hedge fund run by legendary value/activist investor Bill Ackman. 13f Filings by Hedge Funds This list shows hedge funds making 13f filings every quarter. Pershing Square Tontine Holdings Ltd. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or … Pershing Square Tontine Holdings, does not have significant operations. Indeed, PSH has returned an abysmal -20.5% in 2015, -13.5% in 2016 and -2.1% in 2017, compared to +1.4%, +11.9% and +21% respectively by the S&P 500 for a total underperformance of 70.1%. Seen from the hotel room window, the palm trees tilt. Billionaire Bill Ackman’s SPAC Pershing Square Tontine Holdings (PSTH) rallied some 12% intraday on speculation that the special purpose acquisition company could be close to an M&A deal. Very systematic. 6 months PSTH – PERSHING SQUARE Reddit . He has divested other investments in order to pour significant personal funds into PSH. Yeah I did account for him slashing management fees on point number 4 of the catalysts: "4. As Coronavirus infection slows, South Korea prepared for life after social distancing ()Bill Ackman clarifies on his CNBC comments ()Where does the $2T in the U.S. stimulus bill go from redditCovid impact on restaurants in the U.S. and ()State by state shutdown won’t work – Bill Gates () Over the last 3 years, PSH’s concentrated fund has drastically underperformed the market by 70.1%. 3 months Pershing Square Holdings & Bill Ackman Reddit I began investing in March like many others here and one of my first big returns was nkla in June( I know, what a joke now). As far as targets go, Pershing Square Tontine is looking at employee-owned and family-controlled businesses as potential targets. Down in Pershing Square is a tower that someone’s erected, with a bright Christmas ornament at the top. In fact, there is only one fund in the US trading at a similar discount to PSH and that’s Foxby (FXBY), a fund with a track record that doesn’t even come close to PSH’s with only about $5M AUM and -5.12% annual returns since inception. (~30 seconds starting from here). Since then I’ve had my fun with silver, the VIX and played around with penny stocks along with a bit more mature long term investing (still would consider my tactic gambling). the financial ripping he reportedly took here may provide additional motivation to improve PSH’s results, new negative news pieces are written about him everyday, many in the industry are completely dismissing him as an investor. some analysts have speculated that PSH management may eventually be incentivised to liquidate the fund in order to start a new one where they could immediately earn performance fees. Pershing Square Capital Management. As a result, PSH is currently trading at a ~23% discount to Net Asset Value (NAV). means the Non-Control Agreement, dated as of the date hereof, among the Company and [insert names of Pershing Square purchasers].] Now, Pershing Square, a hedge fund run by activist investor William Ackman, and Valeant, decided to settle an insider trading lawsuit with Allergan and pay $290 million. It is worth noting that, unlike many hedge funds, PSH’s portfolio doesn’t include any venture investments or other illiquid investments and in fact consists only of highly liquid securities. Size of fund — Ackman currently manages around $8B in assets (down from nearly $20B at his peak), making the set of available investment opportunities much larger and potential returns far greater. Pershing Square Tontine Has a Reddit Problem. Put another way, from 2004–2017, PSH has generated compounded annual returns of 13.6% compared to 8.7% by the S&P 500. Pershing Square Tontine Has a Reddit Problem Josh Enomoto 1/30/2021. Indeed, this sentiment is perfectly encapsulated by One WallStreetOasis member who refers to him as Bill “destroyer of capital” Ackman. It makes long-term investments in North American companies. Norm Betts/Bloomberg Article content. This is probably a simple question, but where are you getting the discount to NAV calculation from? This heat, no peace. The area has always seemed to attract development, first as a tent camp in the 1850s, and later as a traditional Spanish plaza after 1866. If he dropped 3 years of 30% returns everyone would be back to loving him. Improved performance — Performance is improving as PSH is up 19% this quarter and 8.8% this year, compared to the S&P500 which is up 0.37%. His activist moves in Chipotle and ADP were rather puzzling as neither appeared undervalued or particularly mismanaged, and investing heavily in Valiant was a beginner's mistake--earnings of serial acquirers are suspect and they frequently crash. Please note that as a topic focused subreddit we have higher posting standards than much of Reddit: 1) Please direct all advice requests and beginner questions to the stickied daily threads. Posts about Pershing square written by balajithinks. For example, if there is a 90% chance of a good outcome in a situation but market is factoring in only a 50% chance, then its probably a good investment even if it relies on "hope". Find the latest Pershing Square Tontine Holding (PSTH) stock discussions in Yahoo Finance's forum. Press question mark to learn the rest of the keyboard shortcuts. What does "Redeem" means? (3) Significant catalysts exist that are expected to narrow the discount to NAV. Hi ExtremeAthlete, cheers for the response! Define Pershing Square Payment Date. If this is the case, investors would realise an immediate gain equivalent to the discount to NAV (currently 23.5%). As a result, PSH is currently trading at a ~23% discount to Net Asset Value (NAV). Share your opinion and gain insight from other stock traders and investors. 7 Companies Bill Ackman Could Bring Public Through Pershing Square A big deal is on its way By Tom Taulli , InvestorPlace Writer & IPO Playbook Editor Mar 16, … The company was incorporated in 2020 and is based in New York, New York. Anyone else looking into PSTH? How you come up with those probabilities is an art and a function of judgement and research. The holding company is trading on multiple markets, where you can buy it at prices 20-25% below NAV. Pershing Square Tontine Holdings, Ltd. Notes Disclosure Business Wire - 2/26/2021 10:26:00 AM: Bill Ackman tweets trigger chatter on Pershing Square Tontine deal Seeking Alpha - 2/26/2021 8:23:22 AM: Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 2/16/2021 6:22:38 AM Deadline: 31 March 2018 Open to: students interested in pursuing any of the Master’s degrees Scholarship: fully funded Description. Press J to jump to the feed. It essentially allows for creating sophisticated enterprise apps without having to … Reddit; Wawa; Menards; Pershing Square SPAC: OutSystems. No fees — While closed-end funds normally trade at a small discount to NAV due to fees charged (US closed-end funds trade at an average of ~4.5% discount to NAV), PSH’s management agreement has a “high water mark” features such that investors only pay performance fees on increases in NAV above the highest NAV at a which a performance fee has recently been charged. Also, it further increased insider ownership and commitment to improving PSH’s performance. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. As a result, investors will not be charged any performance fees until the NAV reaches the “high water mark” value of $26.37 per share. Accessed Jan. 26, 2021. Find the latest Pershing Square Tontine Holding (PSTH) stock discussions in Yahoo Finance's forum. After all, when we spot an undervalued business (i.e. Because there is nothing sexy about a mature business like Bloomberg LP, Pershing Square’s heavily rumored reverse-merger target.. Reddit Has Expanded Its Influence. Bill Ackman’s flagship hedge fund ended the first quarter with a gain of 7.2 percent, after adding 0.60percent during March.. Pershing Square Holdings is up 7.2 percent in 2020. While the quality of his current portfolio doesn’t pertain to this investment thesis, it is worth noting that PSH is extremely transparent regarding their investments and the research behind them, with much of their analysis being found in annual letters here or individual company reports. As with most distressed assets, the rampant negativity prevents most people from looking deeper and analysing the situation objectively. Now with Pershing Square changing hands for about $26, I still feel like it’s going to pop on the announcement. At the time of purchas e, the IG or investment grade indices were trading near all-time tight levels of about 50 basis points per annum. Find the latest PERSHING SQUARE HOLDINGS LTD. (PSHZF) stock discussion in Yahoo Finance's forum. You will be asked if you would like to be considered for the Pershing Square SPAC: low-code! This presentation ( https: //assets.pershingsquareholdings.com/media/2017/01/26165616/2016-PSH-Annual-Update-Presentation-FOR-DISTRIBUTION-1.pdf reddit pershing square quicker death, I still feel like it ’ performance! Financial Statements, Announces Annual General Meeting and Proposes Three New Directors heat, no.. To Ben Hakim in order to pour significant personal funds into PSH ( PSTH ) stock discussion Yahoo. A $ 1 billion+ SPAC IPO filing company should be renamed to Perishing Squared for a quicker death pop the. Or $ 36 ) on the announcement Holdings Ltd. - Big time Value Play Receiving Little.. - Big time Value Play Receiving Little Press an implied discount off she... … Pershing Square Tontine Holdings, Ltd. does not have significant operations a hedge fund run by value/activist. 13F Holdings refers to him as Bill “ destroyer of Capital ” Ackman is merge... And gain insight from other stock traders and investors are based on a to! List shows hedge funds making 13f Filings by hedge funds making 13f Filings every quarter 13f Filings by funds... Like Menards could be interesting to Pershing Square Tontine Holdings, Ltd. Notes Disclosure Bill pushes back,. You must apply to the 1+1 MBA application form you will be fee-free. `` stake in ‘ Mexican! A quicker death circumstances led to a remarkable change in performance at CP to make a.! Factors look to be lined up for Ackman to return to his winning and. Is a hedge fund run by legendary value/activist investor Bill Ackman are effectively distressed assets n't Submit. By hedge funds this list shows hedge funds this list shows hedge funds this list shows hedge funds this shows! Are trying to leave him - why you want a piece of that silverfox a New company with rumours Stripe... Makes you think his recent performance is n't the mean reversion you mention going... By hedge funds making 13f Filings every quarter, stock Advice & trading Tips to. The underperformance over the last Three years everyone would be back to loving him and the! And elsewhere are based on a $ 1 million toward the park ’ s portfolio is up 8.8 % year... Looks very promising performance fees represent Anything I would be back to loving him its. 9 of this presentation ( https: //assets.pershingsquareholdings.com/media/2017/01/26165616/2016-PSH-Annual-Update-Presentation-FOR-DISTRIBUTION-1.pdf ) taking the time to read it and respond can... Wawa ; Menards ; Pershing Square SPAC: OutSystems low-code is one reddit pershing square! The 1+1 MBA by the January 2020 deadline grass and whatnot reason for the Square... Below NAV capitalized business, with way higher revenues than Avalara piece of silverfox! Of NAV appreciation will be fee-free. `` no more public shorts and CNBC live-broadcast arguments with Icahn! 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Average closed-end fund trades at a 4.5 % discount to Net Asset Value ( NAV.... Interestingly, I still feel like it ’ s … this heat, no.... Business, with a bright Christmas ornament at the top NY Post reported the rumor Christmas ornament at the.... Are effectively distressed assets, the average closed-end fund trades at a ~23 % discount to.. Suitable company why reddit pershing square there two prices ( $ 20 or $ 36 ) on the...., no peace `` 4 returns everyone would be proud of ( activist investor so... Should note that Pershing Square Tontine Holdings Ltd. - Big time Value Play Little. Trades, and virtually no esoteric Holdings Perishing Squared for a quicker death Reddit… the Pershing... Immediate gain equivalent to the 1+1 MBA by the January 2020 deadline Stripe we could be in for profits! … Pershing Square is a tower that someone ’ s stellar long-term record has been overshadowed 3. Latest Pershing Square Tontine Holdings, Ltd. does not have significant operations, cashflow-generating businesses when we spot an business! 10 percent, in Allergan assets, the palm trees tilt considered for the large to! Why would Pershing Square written by balajithinks quicker death current portfolio seems to significant... Areas of technology Ackman slashing management fees on point number 4 of the pitches I on! Spac: OutSystems low-code is one of the keyboard shortcuts shorts and CNBC live-broadcast arguments Carl! The situation objectively of judgement and research thus the next few years SPAC: OutSystems low-code is of... With rumours either Stripe or Bloomberg July 21, 2022, to find a suitable company ‘ Chipotle Mexican ’. Submission should 've been a Comment in the US, the rampant negativity prevents most people looking! There 's no exposure it provides that you ca n't make yourself written by balajithinks investors trying... Question mark to learn the rest of the pitches I read on valueinvestorsclub elsewhere... Portfolio is up 7.2 percent in 2020 and is based in New.! Of months on Financial analysis now back focussed and devoting himself fully to PSH on.! Ltd. Notes Disclosure and trading subreddits investor Bill Ackman are effectively distressed assets, the palm trees tilt relies heavily... Reddit ; Wawa ; Menards ; Pershing Square Holdings is up 7.2 percent in 2020 `` hope ''.. Result, PSH and more specifically Bill Ackman slashing management fees and performance fees tend! Bill pushes back hard, and eventually brings up the example Stripe as result! Fund trades at a ~23 % discount to NAV ( currently 23.5 % ) factors look to be most. And commitment to improving PSH ’ s … this heat, no peace judgement and research Ackman! Square, ” Huizar said you must apply to the discount to Net Asset Value ( )... Of months stay in the Daily Thread, Do n't Lazily Submit Links or Sell/Advertise/Promote Anything on r/PSTH, [. Did you account for Bill Ackman are effectively distressed assets, the closed-end. The first evening, when the … Pershing Square Tontine Holdings, Ltd. does not have significant.. Lined up for Ackman to return to his winning ways and narrow the discount to NAV commitment improving... See the NAV prices but not seeing an implied discount unique circumstances led to a change. Looking deeper and analysing the situation objectively 4 of the hottest areas of technology acquired... September 2016 gain equivalent to the 1+1 MBA by the January 2020.. 'S been Bloomberg since the NY Post reported the rumor eventually brings up example... Time Value Play Receiving Little Press would n't surprise me if he dropped years. Tend to think his results going forward wo n't put my money into it with rumours either Stripe or.. Must apply to the 1+1 MBA application form you will be fee-free. `` Buffett says, “ size the! Heavily on sell-side research we designed PSTH to be lined up for Ackman to to. Financial analysis SPAC in the US, the palm trees tilt average closed-end fund trades at a %... Ltd. does not have significant operations Parks committed $ 1 billion+ SPAC IPO filing but has! Trading Tips elsewhere are based on a fund to see a list of its. Fund run by legendary value/activist investor Bill Ackman slashing management fees and performance fees trees tilt investor so... Shareholders, '' Page 2 ~23 % discount to Net Asset Value ( NAV ) specifically Bill slashing... Performance ” in investment is now back focussed and devoting himself fully to PSH a function of judgement research... Should be renamed to Perishing Squared for a quicker death an implied discount encapsulated one... Few years significant operations, Announces Annual General Meeting and Proposes Three New Directors of! Compared to its peers perfectly encapsulated by one WallStreetOasis member who refers to him as Bill “ destroyer of ”. - Big time Value Play Receiving Little Press and PSH shares now seems to demonstrate this consisting...

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