It's been so long since we've seen commentary about Bill Ackman's Hong Kong Dollar trade that we wanted to quickly highlight his comments on CNBC yesterday.
He says Pershing Square still has the trade on and they believe it's a good play. He says that, "if you own the options, it's a 50:1 or 80:1 payoff, even if you renew the bet every 18 months to 2 years, one day you're gonna be happy."
He thinks eventually it will appreciate and it can make sense to put some money in HKD's instead of US money market accounts as you can get some interest with the potential for appreciation in a lower risk play than the options.
We originally posted Ackman's Hong Kong Dollar presentation if you haven't seen it.
Skip ahead to 3:30 in the video to hear his thoughts on the HKD as the first part of the video deals with education reform:
Be sure to also check out Ackman's thoughts on CP and running a better railroad, as well as his latest comments on Burger King.
Tuesday, May 1, 2012
Ackman on His Hong Kong Dollar Trade
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