Ackmann on the wrong side of Chipotle

Shit, he's not exactly hitting the right stocks is he? Herbalife up and Chipotle down...
Well, I guess HLF has backed off 10% in the past week again, but still up 40% from January... and I don't know when he bought CMG, but that's down 45% since May...

I'm sure he's got a few stocks that do well though... but these would hurt.

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Ackman: All directors, shareholders 'disappointed' by Chipotle slide
BOSTON, Oct 25 (Reuters) - Activist investor William Ackman
on Wednesday said he believes directors and investors in
Chipotle Mexican Grill Inc <CMG.N> are disappointed in the
chain's recent performance, on a day its shares hit their lowest
since 2013.
Ackman's Pershing Square Capital Management holds a 10
percent stake, making the hedge fund the largest investor in the
fast-casual burrito chain.
"There is not a member of the board of directors; there is
not a member of management; there is not a shareholder of the
company who isn't disappointed with the progress of the company
so far," Ackman said in an interview with Reuters in Boston.
Chipotle on Tuesday posted lower-than-expected earnings and
said it would open fewer restaurants than previously planned
over the coming year, news that sent its shares down 14.6
percent to close at $277.01 on the New York Stock Exchange.
[nL2N1N01EC]
Ackman declined further comment on the company. His fund's
stake in Chipotle lost about $145 million in value in
Wednesday's slide.
The billionaire investor in May described Chipotle Chief
Executive Steve Ells as "outstanding." [nL2N1IK2SY] Ells was
made sole chief executive in December when Pershing Square also
received two board seats.
Ackman has a been involved with a number of companies where
chief executives have lost their positions soon after he arrived
on the scene including Canadian Pacific and Air Products.
Chipotle's sales swooned in November 2015 when the chain was
linked to a multi-state E. coli outbreak and went into free fall
in December 2016 after at least 80 Boston College students were
sickened by norovirus traced to a Chipotle restaurant.
Ackman signaled that he was not worried about the safety of
Chipotle's burritos, tacos and salads, noting that he had eaten
lunch at the chain on Wednesday.
"The entire investment team is going to be eating Chipotle
until the stock price is back at $500," he joked.

(Reporting by Svea Herbst-Bayliss; Writing by Scott Malone;
Editing by Cynthia Osterman)
((scott.malone@thomsonreuters.com; +1 617 856 4342; Reuters
Messaging: scott.malone.thomsonreuters.com@reuters.net))

Keywords: HEDGEFUNDS ACKMAN/CHIPOTLE



Rank : negative

Related tickers: CHIPOTLE MEXICAN GRILL INC (C9F, CMG)

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Region Related: United States of America

Subject Related: Reuters US Equities Newspool (Reuters)
 
They just mentioned that short sellers in chipolte made $250,000,000 !!!
Remember stocks don't stay wallstreet darlings forever!!!
 
They just mentioned that short sellers in chipolte made $250,000,000 !!!
Remember stocks don't stay wallstreet darlings forever!!!

Well.. more than half of that comes out of Ackmann's wallet ;)
 
Well.. more than half of that comes out of Ackmann's wallet ;)

You mean "out of Ackman's customers wallets" ?

Ackman is a hedge funds manager. He gives a flying fk about the performance of his fonds untill it's so bad that everybody withdraws. People need to understand that this guy is living off of fees and fees are dependent on AUM.

So when it comes to lemons such as VRX, HLF or now CMG, he just gives a couple of interviews, does some "roadshows", or shakes the right hands at fundraisers to collect new dosh.

Look at the AUM development of Pershing Holdings.

It was 4.5B in Dec 2016 and it's 4.4B in Mar 2017 right after the VRX disaster. It looks like his customers got royally sacked while he went over the new deposit notifications while sipping an appletini XD

He sucks as a trader but he's a brilliant fund manager with enough charisma to reel in the whales
 
I have been working on growing our fund AUM over last few years, and learned many things. I now totally get why some managers with luck luster results retain and even grow AUM.

Pedigree and connections are on top of the list even above performance.
 
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