It appears that evidently Invoice Ackman and Pershing Square have learned some accounting methods from their frenemies at Valeant. WallStCynic , John Hempton & AZ Worth have performed excellent work on the subject, and far of this work focuses on a troubling sample of opacity in Valeant’s numbers in addition to insufficient disclosure Based mostly on yesterday’s performance report launched by Pershing Square Capital Management’s publicly traded investment automobile, I’m left questioning simply how opaque PSH:AM’s disclosures are.
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