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Pershing Square Capital to reduce ownership stake in Canadian Pacific
OK,what’s next?
Makes sense to me. Ackman is a financial guy - he has tripled his money, doubling it in the past year. It is time for him to take some profit and reduce CP exposure in his company.
It is doubtful there is a lot more upside in CP stock, Hunter Harrison has another year or so left to do his “thing” before retirement and Ackman has nothing left in his bag of tricks.
A great ride on a one trick pony!
If you have to run people off,shut down yards and so on to make mony,that is pore management.Everybody can do that.
Like we do in the oilfield we say:What can we do to make
money without running people off.
Thank You,
Any thinking person knew they wouls eventually sell these shares.
Just a “legal” variation of the general theme of my favorite TV program: American Greed.
Therein lies the problem with so many publicly traded companies today — their only worry is about shareholders. Their customers who, in this case, literally pay the freight are often not part of the equation.
“Harrison began the process of slashing management and union employees, shutting down yards…”
“Ackman says, “… It’s a great outcome for everyone.”
EVERYONE???
I feel Mr. Ackman’s comment is incorrect. Intermodal customers at Milwaukee have lost, the employees have lost, the only winners here are the shareholders. But if the shareholders count as everybody then why bother running a company? Fortunately CP has still managed to keep its strong safety record through all of this…so far…