"We have often described stock market volatility as an opportunity for Pershing Square," writes...

|By:, SA News Editor

"We have often described stock market volatility as an opportunity for Pershing Square," writes Bill Ackman. He took advantage of August's "sale" of Fortune Brands (FO), Kraft (KFT), Family Dollar (FDO), and Citi (C) to add to his stakes, while opening 2 new (undisclosed) positions. Pershing also has received permission to up its JCPenney (JCP) stake.