Billionaire Bill Ackman's Latest $275 Million Investment Is Down 15% Since He Bought It. Should You Get In Now?

Bill Ackman is well-known for buying large stakes in what he believes are undervalued companies and using his influence as a major shareholder to push management to make changes to unlock value.In May, Ackman revealed that he had established two new positions in his Pershing Square hedge fund, which holds an equity portfolio valued at over $10 billion. One of those positions, Brookfield Corp, has performed well since Ackman established his position. However, the other has seen its share price decline about 15% since he first purchased around $275 million worth of shares.Ackman's losing bet is Nike (NYSE: NKE). If he thought it was a value earlier, he probably thinks it's an even better value at its lower price today. Should you take the opportunity to buy shares at a better price than the billionaire?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool