Ackman did not mention the $2.4 billion in sales from overseas. Why?
Ackman didn't talk about the daily consumption model. That is what is driving growth. Daily consumption is clearly end user consumption. I think Ackman is trying to use N. America headlines to drive down the stock even though it is firing on all cylandars overseas. The overseas market is worth more than Ackmans $50 average price IMHO.