Bill Ackman: Buying more Valeant Despite Company Troubles

Valeant. Source: Business Insider

Valeant. Source: Business Insider

Valeant’s downfall in one chart.

Even with this already damaged company, Bill Ackman (CEO of Pershing Square) bought more shares as today’s (11/23/2015) filing reveals.

1

Valeant Stock Price. Source: Google.com

Pershing Square now beneficially owns 34.1M shares or ~$3 Billion USD worth of Valeant shares.

P/E valuation of 49 is still very high (for me) as a value investor. Adding Charlie Munger’s “deeply immoral’ view of the company keeps me away from buying the stock.

Reference

Business Insider

SEC

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