Ackman’s Big Adp Pitch Flops On Wall Street

Carleton English, New York Post: Business
Thu, 08/17/2017 - 1:27pm

Looks like Bill Ackman won’t be cashing this check anytime soon. The hedge-fund billionaire on Thursday delivered an elaborate slideshow presentation detailing his bullish bet on payroll processor Automatic Data Processing — only to see the stock tumble more than 5 percent. In a three-and-a-half-hour with analysts and investors, Ackman pitched his idea that ADP’s...

Topics: bill ackman automatic data processing adp s ackman pitch

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Ackman’s Big Adp Pitch Flops On Wall Street

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