This blog is an effort to sift through the noise. Please note that a number of resources are used to create these theses and due to an overriding desire to think rather than edit I will not be citing every little source.
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Monday, December 30, 2013
Pershing Square Letter to Investors
Bill Ackman's Pershing Square Capital is out with a letter to investors describing their efforts with Herbalife (HLF) and their current positioning. They also allude to a new position that the fund is taking and will be disclosed shortly. Enjoy: