Ackman: Valeant, other platforms firms undervalued

The annual Sohn Investment Conference generated some major headlines Monday, among them:

• Leon Cooperman warned that bonds were overvalued
• David Einhorn outlined a new short position in fracking companies
• Corvex's Keith Meister, a top-5 shareholder in Yum Brands, called on the company to spin off its China business
• Jeff Gundlach recommended Puerto Rico's embattled muni bonds
• David Tepper of Appaloosa noted that China is easing, like everyone else

See their comments below: