Why we’re sticking with this trust despite persistently excessive NAV discount
PERSHING SQUARE HOLDINGS ( PSH ) £14.42 Gain to date: 7.9% Original entry point: Buy at £13.36, 16 May 2019 Our bullish call on Bill Ackman-managed Pershing Square ( PSH ) looks well-timed with the shares already up 7.9%. Last month (19 Jun), Pershing Square announced a bumper $100m share buyback of its shares on the London Stock Exchange and Euronext Amsterdam and the positive news flow continued with...