You're Never Going To Believe It, But A Big John Paulson Stock Is Getting Demolished Today

John Paulson

Photo: JapanSociety

John Paulson’s string of bad luck continues.The latest landmine for his portfolio?

Shares of Premier Foods are down 30% in London trading after the company issued a profit warning.

At least as of this July 2011 Telegraph article, Paulson was the company’s second biggest shareholder, as he was part of a group agitating for a new CEO after a previous profit warning.

Not much to say, really, just… oof. Rough year.

Last we’d heard, Paulson was down another 6% in September.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.