If I had to pick, I'd say Stripe. We all know fintech is all the rage. But to that end, future fintech is where its gonna be at. The evolution. None of us know what that will look like, but none of us have access to the brainpower Bill does. Ackman's one smart cookie, and I love the fact he didn't announce his spac-quisition in Q1 like he said he would. He chose to choose right, rather than be rushed. Smart guy. PSTH @ 23.73 Safe af for an IRA. Bet on the man. Bet on Bill.
Stripe is way too big now for any SPAC. Latest valuation ~100B and they just raised so why SPAC? Not only that, but technology isn’t Ackman’s specialty (He tried for Bloomberg but was denied). An ideal target for PSTH/Ackman would be Chik-Fil-A or to a lesser extent, Waffle House. If PSTH somehow lands ChikFilA I think it would be a homerun for investors.
Yeah Chik-fil-A would certainly be a homerun. That Popeyes acquisition was the best thing QSR ever did. I'm not sure the powers that be at Chik-fil-A would welcome a slick Yankee taking the helm however. The founder was a devout Southern Baptist. EDIT: Why Chick-fil-A will never go public While Chick-fil-A is one of the hottest restaurant concepts in the business, don't expect an initial public offering anytime soon. Before Truett Cathy, the chicken chain's founder and longtime CEO, died in 2014, he reportedly set up a contract with his children that said they may sell the privately owned chain in the future — but it could never go public. Why was Cathy so anxious to keep the company private? One reason may be the founder's dedication to maintaining the company’s religious roots. While Chick-fil-A says it is open to employees and franchisees of all faiths, the company's mission statement reads: "To glorify God by being a faithful steward of all that is entrusted to us. To have a positive influence on all who come in contact with Chick-fil-A." That's a message that may need some adjustments if the company is publicly owned. Chick-fil-A maintains a unique culture — and it has found success by doing so. Going public could mean changing many of the things that Chick-fil-A considers integral to its identity, such as staying closed on Sundays. Cathy apparently had personal reasons for wanting the company to remain private as well. "I'd be resentful if shareholders who don't know the business tried to tell me what to do," he told The New York Times in 1996. Others said Cathy would feel obligated to return losses to shareholders who lost money. It's hard to say how binding Cathy's contract is (Chick-fil-A did not respond to request to comment on the story). In the 1990s, Dan T. Cathy, Truett's son and current president and CEO of the company, was reportedly open to going public one day. He also wanted to speed up expansion — something he has certainly done since taking over the company in 2013. But for now, Chick-fil-A remains a family-owned business. In addition to Dan's role as president and CEO, Truett Cathy's other son, Don (nicknamed "Bubba") is the senior vice president, as well as the president of Cathy's first concept, Dwarf House. The tradition has the potential to carry on to the next generation. Andrew T. Cathy, Dan's son and the eldest of Truett's 12 grandchildren, is the company’s chief people officer and senior vice president. If the family continues to respect Truett Cathy's wishes, it may be Andrew and other grandchildren, not shareholders, who own Chick-fil-A in the decades to come.
Van, they be taking UXIN up to it’s 52 Week or 2 year high. It’s a tricky stock. I bought PSTH at $24, holding it.
I like you idea about Chick Filet or what if he was able to Lynsi Snyder to finally bring her company public? Wishful thinking, she does not tolerate anyone telling her what to do.
Ackman says an announcement could happen within a few weeks. He "likes the company and the management team." Thanks for that (hopefully obvious) tidbit of info Bill.
here's the PSTH reddit thread in case you want to go down the rabbit hole with it. Lots of theories, lots of memes, some useful links/research. Seems like people are leaning towards Bloomberg. https://www.reddit.com/r/PSTH/
Ackman loves the restaurant business, he's said that all along. He made a fortune on CMG a few years back. He understands the business. He even said "he's never lost money with a restaurant". Sooooo..... I'm thinking, and I'm thinking... 'VZ... what restaurant is still private, has huge potential, has been around for a long time'. (he said that too the other day btw... that his target is a well known, established name) So I keep wondering----- and then an idea hit. Did a quick wiki. Yep. Private. Always has been. Well known name? Check. Been around forever? Check. Oh wait. 377 locations. That didn't sound like too many, considering the size of his blank check... $4B right(?) Then I looked at Shake Shack and their # of stores/market-cap. 168 locations, a market-cap of $4B with an enterprise value slightly north of that. So my operation has twice the stores. Hmmmm. All company owned. No franchises. A perfect fit for a $4B spac. What did he say...(?). "I want a mature unicorn." Well, this one works. I may be wrong, probably am, but here we go.... Drumroll... https://en.wikipedia.org/wiki/White_Castle_(restaurant) As I recall, they have killer coffee too. And---- Harold and Kumar went there.