Billionaire Bill Ackman Buys a Monster Growth Stock Called a "Sleeping Giant" by a Wall Street Analyst
Billionaire Bill Ackman is the CEO of Pershing Square Capital Management, a hedge fund that returned 191% in the last five years. Comparatively, the S&P 500 (SNPINDEX: ^GSPC) returned 102% over the same period. That outperformance makes Ackman a good source of inspiration for individual investors.Last week, Ackman revealed Pershing Square began purchasing stock in Uber Technologies (NYSE: UBER) in early January. The hedge fund has accumulated more than 30 million shares, meaning its stake is currently worth more than $2 billion.Thomas Champion at Piper Sandler has referred to Uber as a "sleeping giant" because the strength of its core businesses creates adjacent opportunities in autonomous driving and advertising. The stock produced a monster return of 115% in the last two years, but there is more upside ahead for patient investors. Here's why.Continue reading
Billionaire Bill Ackman is the CEO of Pershing Square Capital Management, a hedge fund that returned 191% in the last five years. Comparatively, the S&P 500 (SNPINDEX: ^GSPC) returned 102% over the same period. That outperformance makes Ackman a good source of inspiration for individual investors.
Last week, Ackman revealed Pershing Square began purchasing stock in Uber Technologies (NYSE: UBER) in early January. The hedge fund has accumulated more than 30 million shares, meaning its stake is currently worth more than $2 billion.
Thomas Champion at Piper Sandler has referred to Uber as a "sleeping giant" because the strength of its core businesses creates adjacent opportunities in autonomous driving and advertising. The stock produced a monster return of 115% in the last two years, but there is more upside ahead for patient investors. Here's why.
