As of 6 AM EST, Longs Drug Stores (NYSE:LDG) is in serious, serious trouble. Bill Ackman's Pershing Square funds have filed a 13D disclosing a stake in LDG.
Good Luck LDG...You'll need it.
**CORRECTION: This post stated earlier that TP LLC had a stake in LDG. THIS WAS INCORRECT. We appologize for the error.
*DISCLOSURE: Through one of my holdings I have very limited exposure to Bill Ackman's Pershing Square.
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