This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

What If Buffett and Icahn Retire and These 4 Investors Pick Up Their Mantle?

William Ackman of Pershing Square Capital Management

Most of press surrounding Pershing Square Capital Management's William Ackman centers on the hedge funder's muddled turnaround bet on struggling retailer J.C. Penney (JCP - Get Report); however, quietly, 2012 turned out to be a banner year for other investments such as Canadian Pacific (CP) and General Growth Properties (GGP).

Meanwhile, after pushing the likes of Wendy's (WEN) and McDonalds (MCD) to embrace franchising and a much less risky balance sheet, the sometimes activist investor teamed up on a takeover and IPO of Burger King Worldwide (BKW), which has performed strongly.

While, Ackman's array of skills mirrors the hostile, restructuring and M&A plays that Carl Icahn's been known to make, he nevertheless has a long-term value investing style that is of the Warren Buffett mold. Still, Ackman's been known to criticize the takeover premium that Buffett oftentimes pays to put a company within Berkshire Hathaway's portfolio.

Were Buffett or Icahn to hit retirement, Ackman may be a helpful proxy on the investing zeitgeist. General Growth, Ackman's best investment in recent years, was a distressed real estate deal made at the nadir of the financial crisis. Burger King and J.C. Penney meanwhile are a mix of retail turnaround investments, with a side of real estate as well.

With a recent hostile push at Procter & Gamble (PG), Ackman's set his sights on a Buffett-like consumer products giant and winning board seats on Canadian Pacific - one of the largest corporations in Canada - signals the hedge funder's clout.

Look to Ackman to wield an array of investing strategies similar to Carl Icahn, while having the Buffett-like ability to find a good bargain in any market.
3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
C $46.28 0.00%
BRK.A $219,000.00 0.00%
BRK.B $145.48 0.00%
CMG $420.97 0.00%
JCP $9.28 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs