Air Products Looks Inflated

Hedge fund manager Bill Ackman, of Pershing Square, has been on a bad streak. His long position in J.C. Penney (JCP) is looking like a bankruptcy candidate, and his short focus on Herbalife (HLF) has been a disaster so far.

With that in mind, last week we saw an official filing disclosing Mr. Ackman's almost-10% position in the good-quality company Air Products (APD). Last Thursday, the shares hit a new all-time high of $111. By Monday's close, the shares had faded slightly to $107.83....376 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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