Post by magnus123 on Sept 3, 2020 16:03:19 GMT
Here is not much to say about: A SPAC stock (Special-purpose acquisition company), launched by Bill Ackman with a $4 billion IPO. Ackman holds, if i remember correctly, half of the shares with the option to invest a few more billions. I believe that this could be a great opportunity to eventually profit from Ackman's ability to strike a good deal. Other SPACs have seen tremendous upside in the past, when they signed for a merger. For example Nikola, Tortoise and others. Pershing is just the biggest SPAC ever. It's of course a complete blackbox.
It trades currently at $21.87 with the IPO at $20. Alone the fact that Ackman invested $2 Billion with his Pershing Square Holding is a great thing. I'm sure that he wants to make a LOT of money with PSTH. He failed of course sometimes in the past with Herbalife and Valeant. But his performance during the crisis was very great and he is definitely one of the smartest people at WS.
I havn't bought yet, but will do that in the next 1-2 weeks. Patience is likely required.
It trades currently at $21.87 with the IPO at $20. Alone the fact that Ackman invested $2 Billion with his Pershing Square Holding is a great thing. I'm sure that he wants to make a LOT of money with PSTH. He failed of course sometimes in the past with Herbalife and Valeant. But his performance during the crisis was very great and he is definitely one of the smartest people at WS.
I havn't bought yet, but will do that in the next 1-2 weeks. Patience is likely required.
