Valeant Pharmaceuticals still has plenty of supporters despite the media storm surrounding the company and its businesses practices.
Last night it emerged that Bill Ackman, one of Valeant's most staunch supporters, has upped Pershing Square’s stake in Valeant to 9.9% of the company’s outstanding shares -- a near 70% increase in Pershing's holding before recent declines.
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Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.
Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.
Rupert covers everything value investing for ValueWalk
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Hedge weekly
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Every afternoon ValueWalk provides an update on global market levels, economic news, and hedge fund news.
Market Levels
* US: Dow: 13092.69 (0.36%), S&P 500: 1397.64 (0.35%), NASDAQ: 3067.88 (0.15%)
* Europe:... read more