Promise Their own work or organisation

Pershing Square expects to add at least one new investment to its portfolio in the next few months after January 2016.

Unresolvable The public record could not settle it.

Promise: Commitments to the person's or organisation's own future action, with something to deliver: was it delivered?

The second judge would not resolve this claim; the verdict shown is the first judge's.

The evidence is the person's or their organisation's own records.

Said for an organisation they lead or work for; it counts on both records.

What would count as true or false

Treat 'the next few months' as by 30 June 2016. Count only a new position in a company not held in January 2016; adding to an existing holding does not count. Use the date the position was started, even if it was disclosed later. TRUE: Pershing Square started at least one new portfolio investment between January and 30 June 2016. MOSTLY FALSE: the first new investment was started between July and December 2016. FALSE: Pershing Square letters or filings show no new investment started during 2016.

Set before the research began.

Evidence (3)

E1 [PDF] UNAUDITED CONDENSED INTERIM FINANCIAL REPORT - AFM AFM (Dutch regulator register), filing of Pershing Square Holdings, Ltd. · August 2016 Own record

“We expect that our recent progress at Valeant, further increases in NAV, coupled with the identification of one or more new investments will contribute to the closing of the discount.”
E2 Interim Financial Report Pershing Square Holdings, Ltd. · August 2016 Own record

“While we have sold a substantial portion of our investment to raise capital for new investments, we continue to believe that Zoetis’ history of strong organic growth and margin expansion will”
E3 Bill Ackman Releases Pershing Square 3rd-Quarter Letter Yahoo Finance (GuruFocus article by Holly LaFon) · 8 December 2016 Own record

“Despite the high quality nature of the business and its strong management team, we sold to redeploy the capital in certain new investments.”

Reasoning

E1 and E2 describe new investments as a future step in August 2016, and E3 says a holding was sold to redeploy capital into certain new investments. None of the evidence gives the start date of any new position, so it does not show whether the first new investment was started by 30 June 2016 or in July to December 2016.

Cite this claim

Bill Ackman, “Pershing Square expects to add at least one new investment to its portfolio in the next few months after January 2016.” (said January 2016). Verdict: unresolvable. Reliability API, claim c_535eab3829bf, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_535eab3829bf

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

More promise claims by Bill Ackman

Mixed Promise 2022

“If the subscription warrant listing rule is approved and SPARC’s registration statement is declared effective by the SEC, we intend to distribute SPARs to PSTH shareholders and warrant holders later…”

If the SEC approves the subscription warrant listing rule and declares SPARC's registration statement effective, Pershing Square intends to distribute SPARs to PSTH shareholders and warrant holders in 2022.
Mixed Promise 19 August 2021

“As a result of the above, PSTH shareholders will receive $20 per share in cash and one SPARC warrant for each share that they own.”

PSTH shareholders will receive $20 per share in cash and one SPARC warrant per share owned, following the cash return.
Resolved true Promise 10 March 2026

“In the combined offering, investors in the IPO of PSUS will receive shares in PSI for no additional consideration.”

In the combined offering, investors in the PSUS IPO will receive PSI shares at no additional consideration (20 PSI shares per 100 PSUS shares bought).

All of them

Verdicts are made automatically; how verdicts are made.