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Bill Ackman Comments on Canadian Pacific

Canadian Pacific ( NYSE:CP )

Canadian Pacific's second quarter earnings were strong despite a revenue decline of 2% due to reduced volumes reflecting lower grain and oil shipments as a result of lower commodity prices.

Despite the challenging short-term economic backdrop and broad railroad industry weakness, we remain confident in CP's long-term outlook under its exemplary management team. Management continues to identify opportunities for efficiency and fluidity improvements in the railroad, which will translate into greater long-term cash flows for the company. We continue to believe that CP is an attractive investment for Pershing Square.

From Pershing Square's semi-annual 2015 report .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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