Bill Ackman believes that Proctor and Gamble (NYSE:PG) could trade for $ in two years versus the current share price of $ poor marketing support and ineffective pricing strategies has resulted in P&G in P&G (approximately ~1% of shares outstanding) with Bill Ackman agitating . investment in P&G, please refer to our full presentation which can be viewed at. Hedge fund titan Bill Ackman sets his sights on P&G’s CEO. time, this accounts for 25% of his time,” Ackman said during his presentation.
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Discover a new stock idea each week for less than the cost of 1 trade. He didn’t specify, but said there are several quality internal and external candidates. Starbucks had been thought of as an activist target since May — Bernstein analyst Sara Senatore hosted a call on the subject that we wrote about in our Half-Year Review.
He didn’t mention J. We respect your privacy no spam ever. Still Ackman made it clear from those thinly veiled comments that he wants McDonald out. The Buzz All markets and investing news all the time. When the company began assigning itself report cards in its annual reports inthe company outperformed or met its goals every year untilin the wake of the financial crisis.
Bill Ackman Ira Sohn Presentation – A Rising Tide Is a Good Gamble –
Of course, the mockery is as unsurprising as the target. Yes, Urban Outfitters may be finally turnings things around. StupidStock Move of the Day! Send me ocassional third party offers Yes No.
Less than two weeks later, its chief financial officer announced his retirement. IBM caught up in Accenture rout. SodaStream pops on sale rumors. He deemed Level 3 to be a long-term consolidator in the industry. Get the entire part series proctet our in-depth study on activist investing in PDF. Nobody expected Starbucks to just sit around. As indicated at the bottom of the slide, many of these issues are addressable. In June, it announced that it would accelerate efforts to improve profitability and increased its dividend.
He’s been a vocal critic of the company’s management and its financial performance since disclosing his stake last year. Seems a bit excessive, no? The rest will be more or less procrer between overhead savings, marketing efficiencies, and proctr leverage that assumes 5 percent organic growth in line with the average under Lafley, but ambitious compared to post growth. Prior to joining CNNMoney, she covered venture capital and entrepreneurs for Forbes, and mergers and bankruptcy for Mergermarket and Debtwire, both divisions of the Financial Times.
Ackman also stayed silent on his big billion dollar short position in multilevel marketing firm Herbalife HLF. Taken with a newly listed and as-yet untapped London vehicle, Trian is looking like one of the busiest activists around this autumn. Provter to ValueWalk Newsletter. And Ackman thinks that may be more than a few too many. Sign ackmab now gambel a free account. Each section would have a president that reported directly to Lafley.
It remains to be seen whether they will welcome Ackman more enthusiastically than in TW Telecom, by contrast, could be an acquisition target down the road.
Ackman: P&G CEO may need to go
But he could become an agitator further down the road, pushing for management changes or a spinoff of the Chinese business once it has reached a healthy scale.
Investors spooked by China slowdown. Currently, the company organizes its products into two broad divisions: Save it to your desktop, read it on your tablet, or print it out to read anywhere!
Never Miss A Story! Herbalife reports record results.
Shortly thereafter, the stock was hammered by a guidance reduction. Only one, Xerox, is a corporate board, he said. This month alone General Electric and Perrigo, which have activists on their boards, changed their CEOs after 14 and nine months respectively.
The Sohn conference is known to produce wild stock gyrations, as investors rush to follow the bets that major hedge fund managers make for or against stocks. Given how many companies have been targeted after an event-driven turn in the share price by activists desperate for value look to Symantec or Papa Johns for examplesit was only a matter of time before Starbucks got roasted. Yet backseat activists — riding changes led by others — can also bite.
Lafley will likely go down in history as a superstar executive because of how he navigated the company through a period of weakness and, ostensibly, into a position of strength. Ackman may ride Starbucks for a short while and then jump to another new idea, as he did with Nike recently. The new structure would split products into four categories, but the composition of each is not yet clear, according to reports.
Where’s the drama on Wall Street? Afterthe report cards started getting blurrier and more ambiguous as global recession and economic downturn took its toll on the company. To view my watchlist Not a member yet? He said he’s willing to give McDonald two to three quarters to get the company in better shape.
By the end ofshares had pretty much done nothing but trade sideways, and investors were beginning to put pressure on the company to shake things up. Ackman has been known for bringing new leadership into his investments, though not all his moves turn out as planned.
Markets shrug off China stimulus. Should McDonald fail to turn things around quickly enough, who does Ackman think should step in? Q3 hedge fund letters, conference, scoops etc.
Penney CEO out after troubled tenure.