Saturday, May 30, 2009

Long GGP: Bill Ackman's Ira Sohn Presentation

Bill Ackman of Pershing Square presented at the Ira Sohn Conference on why GGP is a great probabalistic investment.

I have no idea how the man pumps out 70 page Powerpoints like this so easily, but it never ceases to amaze me. Every time I read/see one, I want to obey its message.

By far, his most convincing presentation ever was "Is MBIA AAA?" at last year's Ira Sohn. While I'd seen his arguments against MBIA over the years, adding in the step by step tutotial on the insured structured finance assets and the mortgage reset waves were phenomenally descriptive. I went home and shorted it and ABK the next day.

The first time I met Ackman, just prior to publicly launching Pershing Square, I walked away thinking he was one of the best investors I'd ever met. While he's made some mistakes, I stand by that initial impression.

In any case, here is his presentation on why GGP may be a multi-bagger. He presented this a few days ago at Ira Sohn.

GGP Presentation 5.27.2009 GGP Presentation 5.27.2009 Terry Tate Buffett

16 comments:

vlado said...

Great find!

The Investment Linebacker said...

Thanks vlado. We try!

Anonymous said...

WOW THANK YOU! I AM BUYING 20,000 SHARES TOMORROW OF GGWPQ!

JUST BECAUSE OF THIS!

GREAT FIND

THIS WILL BE $25 IN 1 YEAR!

No_genius said...

Ackman is no genius. For those who think he is, simply take a look at this bet on Target. He can be better termed a terrorist than an activist based on how he went after MBIA...just my opinion of course.

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generic viagra said...

the reasons given for why GGP can be a multi-bagger are very good, I think play very important points, but you drop a bit the financial side. In my opinion there are points at which information must be strengthened.

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