• 20 Oct 2009 at 4:24 PM

“But Seriously, This Is Not A Laughing Matter. I’m Probably Going To Lose A Lot Of Friends To Pound Town.”

By Bess Levin

billackman.jpg

Pershing Square hedge fund manager Bill Ackman highlighted prison operator Corrections Corp. as one of the best real-estate businesses around, during a presentation at the Value Investing Congress in New York on Tuesday. The government is a major customer and there is strong demand for prison space and limited supply, Ackman explained. “It’s also a hedge against your hedge fund business, because as the SEC ramps up…” Ackman said, prompting laughter at the conference. “We shouldn’t joke about that,” he added.

Comments (14)

  1. 1
    Posted by guest | October 20, 2009 at 4:28 PM

    1 stock.

  2. 2
    Posted by guest | October 20, 2009 at 4:29 PM

    That’s: FPMITAP

  3. 3
    Posted by guest | October 20, 2009 at 4:29 PM

    at least he wasn’t crying this time.

  4. 4
    Posted by pfluger | October 20, 2009 at 4:32 PM

    Real estate investment???!
    Real estate???
    Yeah, sure Ack-Man. Make sure you get updated appraisals on the prison facilities when you place your bets.

  5. 5
    Posted by guest | October 20, 2009 at 4:35 PM

    @3 he was.
    -einhorny

  6. 6
    Posted by guest | October 20, 2009 at 4:37 PM

    That pussy Ackman owns me now.
    -Raja “Alladin” Rajnarajrnajananrjana

  7. 7
    Posted by guest | October 20, 2009 at 4:40 PM

    He didn’t even graduate Summa Cum Laude, only Magna. Why are you clowns even reading his rhetoric when you should all just be following me (graduated 1st bitches.)
    -J-Money Paulson

  8. 8
    Posted by guest | October 20, 2009 at 4:41 PM

    I hope this doesn’t mean Billy will give Charlie G. leniency when he’s arrested on RICO charges.

  9. 9
    Posted by Michael Robert Milken | October 20, 2009 at 4:45 PM

    Going to prison for insider trading is the new killing it.
    Crap! I was a few decades too early.
    -MRM

  10. 10
    Posted by guest | October 20, 2009 at 4:46 PM

    prison warden willy

  11. 11
    Posted by Anal_yst | October 20, 2009 at 5:08 PM

    He would not last very long in FPMITA prison, what, with those bedroom eyes and silky-smooth skin, he’d be the (bukakke) queen of the ball(s) in no time!

  12. 12
    Posted by guest | October 20, 2009 at 5:33 PM

    He should suggest they merge with Target. Think of the prison wear with convenient bullsye on the back.

  13. 13
    Posted by guest | October 20, 2009 at 5:45 PM

    @12 – well done.

  14. 14
    Posted by guest | October 21, 2009 at 12:40 AM

    Why should I change hes the one that sucks?
    -mike bolton

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