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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
  • Bill Ackman-Why I Bought P&G-Gurufocus, CNBC 0 comments
    Jul 19, 2012 2:57 PM | about stocks: PG

    Below is the link to a video of Bill Ackman discussing his recent purchase of Proctor & Gamble Co (NYSE:PG). This is an absolutely huge position for him representing very high conviction. We have been investing in P&G as well primarily through the selling of long term put options. While Ackman's stake is close to $2 billion it still represents only about 1% of the company. If Ackman is able to influence the company this would be a tremendous testament to the respect he garners around Wall Street. P&G needs to more clearly identify their strategy given the macroeconomic pressures. They have lost their way in terms of pricing and have been losing market share in some key areas.

    http://www.gurufocus.com/news/183019/bill-ackman-why-i-bought-pg-stock-from-delivering-alpha-conference

    Disclosure: I am long PG.

    Stocks: PG
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