Does Billionaire Bill Ackman's New Position in Uber Carry a Hidden Opportunity?
Hedge fund manager Bill Ackman just disclosed a position in Uber.
Bill Ackman is one of the most closely followed investment personalities on Wall Street. As CEO of hedge fund Pershing Square Capital Management, Ackman has been at the center of some creatively structured investments in recent history.
Last week, he posted on social media that his fund had started buying shares of ridehailing platform Uber Technologies (NYSE: UBER) in January. On the surface, this move might seem like a typical Ackman investment -- buying stock in a leading brand, with a growing market opportunity, all at a reasonable valuation.
However, I think there could be a hidden opportunity influencing this new position. I'm going to explore one of Ackman's more notable investments from many years ago and draw a parallel to why I think he could be employing a similar strategy when it comes to Uber.
