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Fortune Brands CDS buyers are (Jim) beaming following 33% rise

|Includes:BEAM, J.C. Penney Company Inc. (JCP), PMR, RETL, RETS, RTH, VNO

 

Fortune Brands, the owner of the popular Jim Beam brand of bourbon as well as other whiskey’s like Canadian Club, Knob Hill, Laphroaig and Maker’s Mark plus golf equipment maker Titleist, saw its CDS soar after the recent announcement of Bill Ackman’s significant ownership stake in the company.




Disclosure: long all stocks

Stocks: JCP, BEAM, VNO, RTH, PMR, RETL, RETS