Pershing Square
objective unlock shareholder value at lack of transparency had created an undervaluation by the market currently trades at roughly despite over of its tax cash flows being generated by brand we believe brand valued independently is worth high branded intellectual property franchise businesses such as choice hotels and coca cola trade in the range of real estate corporations and reits typically trade in the range of only when ideas regarding transparency became public did wall street analysts begin deriving sum of the parts valuations in the mid per share recent sum of the parts valuation per share recent sum of the parts valuation per share a | Pershing Square
Company
Deck Type
Deck date
January 2006
Slide
22 of 58
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