During the quarter ended on March 31, 2009, Bill Ackman’s top purchases include: Yum! Brands Inc. (YUM, Financial), Apartment Investment and Management Comp (AIV, Financial), General Growth Properties Inc (GGWPQ.PK, Financial)
No. 1: Yum! Brands Inc. (YUM), - Total: 1,554,315 Shares
Yum! Brands Inc. is the one of the world's largest restaurant companies with restaurants around the world in numerous countries and territories. It owns three brands KFC, Pizza Hut, and Taco Bell. Yum! Brands Inc. has a market cap of $15.93 billion; its shares were traded at around $34.63 with a P/E ratio of 17.5 and P/S ratio of 1.4. The dividend yield of Yum! Brands Inc. stocks is 2.2%. Yum! Brands Inc. had an annual average earning growth of 9.9% over the past 5 years.
Yum! Brands is a new holding for Bill Ackman. At 1Q09 end, he owns 1.6 million shares.
No. 2: Apartment Investment and Management Comp (AIV) - Total: 8,126,734 Shares
Apartment Investment and Management Company (Aimco) is a real estate investment trust headquartered in Denver Colorado. Aimco through its subsidiaries operates approximately 1800 properties including approximately 327000 apartment units and serves approximately one million residents each year. Apartment Investment and Management Comp has a market cap of $1.1 billion; its shares were traded at around $9.45 with a P/E ratio of 3.6 and P/S ratio of 0.7. The dividend yield of Apartment Investment and Management Comp stocks is 4.3%. Apartment Investment and Management Comp had an annual average earning growth of 8.2% over the past 10 years.
Bill Ackman started to buy the stock in 4Q08 with 0.5 million shares and in 1Q09, he bought another 7.6 million shares at much lower price.
No. 3: General Growth Properties Inc (GGWPQ.PK) - Total: 23,261,369 Shares
General Growth Properties Inc has a market cap of $326.12 million; its shares were traded at around $2.02 with a P/E ratio of 0.62 and P/S ratio of 0.1. General Growth Properties Inc had an annual average earning growth of 15.8% over the past 10 years.
Bill Ackman bought 23 million shares of the company when the bankruptcy concern brought the share prices to around $1.00 per share in 4Q08 and 1Q09.
General Growth Properties filed for bankruptcy protection in early May. Bill Ackman believes that the company has more assets than liability. The operation of the company is solid, all it needs is for the creditor to extend the payment terms by 7 years and everyone will be paid in full and the shareholders will have the most to gain. You can watch this video for some of his thoughts on the stock.
Conclusion
Bill Ackman is an opportunist when it comes to approaching investment. When he sees opportunities, he will bid huge and expect to make a kill out of the “project”. It is hard to derive from his sector allocation any intelligence about the investment worthiness of the sector. Even at individual stock level, when he sees a opportunity he will do whatever he can to make things happen to his favor.
No. 1: Yum! Brands Inc. (YUM), - Total: 1,554,315 Shares
Yum! Brands Inc. is the one of the world's largest restaurant companies with restaurants around the world in numerous countries and territories. It owns three brands KFC, Pizza Hut, and Taco Bell. Yum! Brands Inc. has a market cap of $15.93 billion; its shares were traded at around $34.63 with a P/E ratio of 17.5 and P/S ratio of 1.4. The dividend yield of Yum! Brands Inc. stocks is 2.2%. Yum! Brands Inc. had an annual average earning growth of 9.9% over the past 5 years.
Yum! Brands is a new holding for Bill Ackman. At 1Q09 end, he owns 1.6 million shares.
No. 2: Apartment Investment and Management Comp (AIV) - Total: 8,126,734 Shares
Apartment Investment and Management Company (Aimco) is a real estate investment trust headquartered in Denver Colorado. Aimco through its subsidiaries operates approximately 1800 properties including approximately 327000 apartment units and serves approximately one million residents each year. Apartment Investment and Management Comp has a market cap of $1.1 billion; its shares were traded at around $9.45 with a P/E ratio of 3.6 and P/S ratio of 0.7. The dividend yield of Apartment Investment and Management Comp stocks is 4.3%. Apartment Investment and Management Comp had an annual average earning growth of 8.2% over the past 10 years.
Bill Ackman started to buy the stock in 4Q08 with 0.5 million shares and in 1Q09, he bought another 7.6 million shares at much lower price.
No. 3: General Growth Properties Inc (GGWPQ.PK) - Total: 23,261,369 Shares
General Growth Properties Inc has a market cap of $326.12 million; its shares were traded at around $2.02 with a P/E ratio of 0.62 and P/S ratio of 0.1. General Growth Properties Inc had an annual average earning growth of 15.8% over the past 10 years.
Bill Ackman bought 23 million shares of the company when the bankruptcy concern brought the share prices to around $1.00 per share in 4Q08 and 1Q09.
General Growth Properties filed for bankruptcy protection in early May. Bill Ackman believes that the company has more assets than liability. The operation of the company is solid, all it needs is for the creditor to extend the payment terms by 7 years and everyone will be paid in full and the shareholders will have the most to gain. You can watch this video for some of his thoughts on the stock.
Conclusion
Bill Ackman is an opportunist when it comes to approaching investment. When he sees opportunities, he will bid huge and expect to make a kill out of the “project”. It is hard to derive from his sector allocation any intelligence about the investment worthiness of the sector. Even at individual stock level, when he sees a opportunity he will do whatever he can to make things happen to his favor.
