1. Bill Ackman's Biggest Stock Holding is Getting Hammered

    Bill Ackman's Biggest Stock Holding is Getting Hammered

    Activist investor Bill Ackman's biggest stock holding is getting demolished.  Shares of Valeant Pharmaceuticals plummeted  on Monday  after  Democrats on the  House Oversight  and Government Reform Committee sent a letter to the committee's chairman,  Jason  Chaffetz (R-UT), asking him to subpoena the pharmaceutical company for documents related to price increases of acquired drugs, Bloomberg ...

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    1. We believe that the stock price does not reflect the quality of Valeant's franchises and future cash flows, and the business development, capital allocation and operating abilities of its management team.
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