Ackman Closes Wendy's Position

Ackman

Busy day for Bill Ackman yesterday.

Ackman to Target Shareholders: "We'll Have Our Own Meeting"

Ackman

Now, If you are a shareholder, where are you going to go. Think about it. Target (NYSE:TGT) management has already said they do not feel any changes are necessary and they "just need to manage through the downturn". OR, will you go see what the guy who has successfully implemented changes at McDonalds (NYSE:MCD), Wendy's (NYSE:WEN), Longs Drug (NYSE:LDG)etc.. and, oh yeah, also happens to be the largest shareholder of Target?

Ackman Corrects Target's Board

Target

Let's put aside the fact Ackman seems to know Target's bylaws better than they do (or at least pretend to). In the revised 13D/ a just filed, Ackman states:

Ackman Send Letter to Pershing Investor's

Ackman

Ackman feels that like Wendy's (NYSE:WEN) and McDonalds (NYSE:MCD) he will eventually prevail in Target (NYSE:TGT)

McDonalds: "What Recession?"

McDonalds

With the competition  like Starbucks (NASDAQ:SBUX) and Wendy's (NYSE:WEN) struggling, McDonalds (NYSE:MCD) has now lapped the field.

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