Pershing Square sold its S&P Global shares because a large stock price increase during accumulation prevented it from building a meaningful position.
Own records only Only the person's or their organisation's own records speak to it, so it is not scored.
Factual: Statements about the present or the past, checked against the record: did they hold up?
Said for an organisation they lead or work for; it counts on both records.
Reasoning
Reason for selling is the firm's own rationale, though the stated explanation is in its letter.
Cite this claim
Bill Ackman, “Pershing Square sold its S&P Global shares because a large stock price increase during accumulation prevented it from building a meaningful position.” (said 2018). Verdict: own records only. Reliability API, claim c_b164a67df5ff, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_b164a67df5ff
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Bill Ackman
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“the average life of an S&P 500 CEO is probably, I don’t know, 4 years or 3 years, 3 and a half years or something like this.”
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“We created it out of the bankruptcy of General Growth.”
Howard Hughes was created out of the bankruptcy of General Growth as a spinoff of its other assets.
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“2 years later, we emerged from Chapter 11.”
General Growth emerged from Chapter 11 two years after Pershing Square's investment.
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“The company’s got a 4 billion dollar market cap, and the goal is to build it into a trillion-dollar thing over time, compounding.”
Howard Hughes Holdings has a market capitalisation of about $4 billion.
Verdicts are made automatically; how verdicts are made.