Comments on: Ackman joins the green-ink brigade http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Rob Weigand http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/comment-page-1/#comment-2369 Thu, 04 Jun 2009 00:20:24 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/#comment-2369 Felix: I’m going to disagree with you in this case. Although I believe Ackman’s high-mindedness was insincere, I also think he made a shrewd calculation by claiming virtuous behavior, and this will pay off for him in the long run. My detailed analysis of this tradition in American politics and business can be found at http://marketblog.wordpress.com.

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By: Dave, Canada http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/comment-page-1/#comment-2324 Wed, 03 Jun 2009 05:55:19 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/#comment-2324 Ackman is a one-trick pony.
He proposed the same financial engineering tricks for Canadian Tire in 2007, and had a ridiculously high valuation for the shares.

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By: Joe Blog http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/comment-page-1/#comment-2266 Tue, 02 Jun 2009 01:39:41 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/#comment-2266 altho i agree fully with the statement that the biggest risk to a hedge fund managers is over-confidence, i also think that the press (and the ‘comments’) are often, when it comes to hedge funds or activists very quick to attack them, and be very populist.
More often than not, Ackman was portrayed as a speculator, loser, cryer, liar etc
I think that journalist should establish facts rather than make shortcuts, or express their own opinion.
-speculator: he is investor (buying or shorting stocks or credit) so that is what he is being paid for, by his investors
– loser: his only fund, out of 5, to have lost money is this PS IV (it is a 2x levered play on Target share with no hedge to protect or cushion this leverared, concentrated bet) but his flagship did very well in 2007 (on the back of MBIA short) and relatively well in 2008 (losing only a quarter of what equity indices dropped)
– cryer: i was not at this AGM so can’t comment
– liar: some many articles mentioned Ackman said something, then made a u-turn or did not stick to his word. Again taking some words or statement out of the context is very misleading. And a lot of things with Target happened behind the scene, so journalists are sometimes just speculating or second-guessing what Ackman meant.

It would be good that business reporters just report facts, not just tell stories, speculating other people thinking. The article of Nocera is very approximate and light. He should have read in details the presentation of Ackman to Target shareholders and to ISS/Riskmetrics (all these documents were available, on-line, but maybe reading and understanding a 80-pages document is a bridge too far for some so-called journalists….

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By: KenG http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/comment-page-1/#comment-2262 Mon, 01 Jun 2009 23:55:30 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/#comment-2262 Ackman is a fraud and a parasite. He claims his goal is only to hold corporate boards accountable, but if that was the case, there are probably thousands of publicly traded companies far more deserving of his attention that Target. He could have, for instance, targeted (no pun intended) the board of GM a couple years ago, when it was obvious to many that they were headed down a toilet. Or AIG, or almost any large bank. But no, he picked a relatively successful retail business, because he felt there was money to be made in greenmail.

And now he’s crying about how he’s portrayed in an article? His only hope is a relapse of the economy, so that Target starts to lose money, otherwise, he’s going to lose a lot of money. and it couldn’t happen to a nicer guy.

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By: Gari N. Corp http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/comment-page-1/#comment-2258 Mon, 01 Jun 2009 21:45:37 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/ackman-joins-the-green-ink-brigade/#comment-2258 How could the recipient of a Bloomberg profile that lingered lovingly on his perfect SAT scores not think he had the right to an uncritical press? Maybe poor Mr. Ackman has discovered that they love you when you’re short, not so much when you’re long.

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