3 of Bill Ackman's New Stock Picks Are Interesting: S&P Global Trades 28% Below Its High While Visa and Mastercard Sit Near Theirs
The same investor just bought all three -- but only one of the charts looks like something went wrong.
Overview
S&P Global (NYSE: SPGI) closed Friday at $418.80, about 28% below its 52-week high of $579.05. Visa (NYSE: V) and Mastercard (NYSE: MA) closed the same session about 3% and 5% below their own highs, respectively.
It's a striking gap, because these three businesses have a lot in common. All of them collect fees on activity flowing through their systems (card payments for the two networks, debt ratings and index licensing for S&P Global), and none of them takes on lending risk to earn those fees.
Details
And as of this week, all three share a prominent new shareholder. Pershing Square, the investment firm run by billionaire Bill Ackman, disclosed stakes of about $1.1 billion in each in its second-quarter 13F filing.
Source
Originally published at www.fool.com.