Very low activity from William Ackman and Pershing Square this quarter. He did however bring in a new company in his stock portfolio which is interesting...
The new company is:
Zoetis - discovers, develops, manufactures and commercializes a diverse portfolio of animal health medicines and vaccines designed to meet the real-world needs of veterinarians and the livestock farmers and companion animal owners they support. I took a look at them and saw a P/E of over 40 which directly made me flinch.
Conclusion: The new vet and livestock medication company looks far to expensive for me and the addition to the Canadian Pac Ry Ltd was minimal to say the least. So based on this information I will neither sell or buy something.
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