Financial News

Bill Ackman Cut His Valeant Stake; Will Bloodbath Ensue?

Pershing Square's Bill Ackman cut his VRX stake. Asset sales have not occurred and a Fed rate hike could dampen future sales. VRX's intrinsic value is less than $1. Bulls could follow the "smart money" and sell VRX en masse. Will a bloodbath ensue?
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