Bill Ackman of Pershing Square was on CNBC today discussing his portfolio and his views on the market. Basically he thinks the market could surprise to the upside. He thinks real estate represents a good opportunity - particularly single family homes. He is trying to play this with his position in Fortune Brand Homes (NASDAQ: FBHS) - for a presentation on this please click here.
He then spoke about why he sold Lowes (NYSE: LOW) - for a presentation on why he liked it click here here. Basicalyl he needed cash to build his Canadian Pacific - for that presentation please see here.