Report
Bill Ackman’s Pershing Square stock trades at 100 times earnings as funds lag
Barron’s reports that Pershing Square Inc. shares have rallied despite weak fund performance, leaving Ackman’s management company with a lofty valuation.
TLDR
Barron’s reports that shares of Bill Ackman’s Pershing Square Inc. have rallied even as its funds lag. The stock trades at 100 times earnings.
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