What’s Behind Bill Ackman Buying Hertz Stock?
Every once in a while, investors will get the chance to reverse engineer some of the latest and biggest decisions being made by some of the biggest investors in the market, those who are empowered with the benefit of insight due to successful track records and the sheer size of capital they manage for their investors.
These authoritative figures often teach retail investors why a business is being bought and sold, and today, there’s a new unlikely signal.
Value investor Bill Ackman from Pershing Square decided to buy a stock that not a lot of other investors have looked at in the past couple of years, especially as it was subject to drama and speculation during the peak months of the COVID-19 pandemic, even being part of the meme stock…
