◆ Contrarian Corpus
Campaigns / Pershing Square → Fortune Brands Home & Security
Pershing Square vs. Fortune Brands Home & Security

Fortune Brands Home & Security · FBHS

1 deck published between 2011-10-18 and 2011-10-18 — 33 pages, 33 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2011-10-18 initial thesis

    2011 10 Pershing Square Fortune Brands Presentation Oct 2011

    33pp · conference_presentation

    FBHS is an orphaned post-spin cyclical at trough housing demand; even with no recovery it's worth $14, and normalization delivers $18-$27/share — ~70% upside.