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Why Bill Ackman Bought More Citigroup (C)

By MarketFolly on Tue, 2011-08-30 18:00
(via www.marketfolly.com)

In his recent letter to investors, Pershing Square founder Bill Ackman revealed he bought $600 million worth of investments during the recent market volatility. One stock that garnered such capital was Citigroup (C).

Ackman outlines why the stock has been selling off:

"In the second quarter,...

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