Below is the link to a video of Bill Ackman discussing his recent purchase of P&G. 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.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.