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  "documentTitle": "Pershing Square Portfolio (multi-position annual update)",
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      "text": "We believe CP remains an attractive investment led by a superlative management team with further potential in the coming years",
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      "kind": "callout",
      "text": "Continued operational excellence is enhancing service and reliability while lowering CP's cost to serve, which is driving an acceleration of revenue growth and a robust long-term outlook",
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      "text": "2018 revenue of $10bn, implying a 10.5% compound annual growth rate\nOperating Ratio of 58-63%\nEarnings per share more than doubling to $17 per share, before the effects of further buybacks beyond CP's current authorization\nManagement has stated that despite the recent decline in oil prices they are highly confident that they will hit four-year plan targets",
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      "text": "Transformation will remain rapid in 2015, with 2015 guidance of 7-8% revenue growth, a 62% Operating Ratio or better, and 25%+ EPS growth",
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      "text": "CP announced new four-year targets at its October Analyst Day",
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      "text": "Operating Ratio: 58-63%",
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