PERSHING SQUARE's Big Miss on DPS
PERSHING Square somewhere back in Q1 liquidated out of DPS. Now Yahoo Finance issues weekly updates on a Pershing Square. Why in the heck should I care? It's there bad.... They ditched DPS based on Valuation getting ahead of itself around $19.00.
PERSHING Square keeps pumping and pumping Target stores..... Are they serious?
I don't mind it one bit if they are doing so purely on the grounds of trying to resurrect this company,
but Pershing Square isn't going to resurrect anything.
TARGET is need of a "Marther Stewart" type to head in and push products people want to buy...
TARGET had a great product in Pepsi's "TAVA" sparking flavored water but that completely stopped for no reason. Now I have ZERO reason to go into a TARGET store.
Here's my concern with PERSHING Square...
In 1 breath they want to help Target become more profitable and successful... In order to do that Target needs unique products customers want and enough publicity and advertisemen to let those customers know Target's got em.
In Pershing's 2nd Breath they bail out on DPS (Dr. Pepper Snapple Group), inspite of all the Earnings Beats totally based on the success of their product lineup. Their products attract customers to whatever store they are sold at.
Get my drift? Pershing Square doesn't have a clue how to resurrect TARGET if they can't even recognize the value of the kinds of things TARGET sells....That being Beverages....That Being DPS.