Bill Ackman reiterates that he likes Procter & Gamble (PG)

Bill Ackman of Pershing Square reiterates that he likes Procter & Gamble Co. (NYSE: PG) at Ira Sohn. He calls it one of the best businesses in the world.

Ackman said Procter & Gamble is under-earning and never fully integrated Gillette.

NOTE: This is a well-known position of Ackman's.

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