Bill Ackman Cut His Valeant Stake; Will Bloodbath Ensue?
December 14, 2016 at 14:40 PM EST
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?
