His net worth surpasses $2 billion. A high-level overview of Pershing Square Holdings, Ltd. (PSHZF) stock. Ackman repurchased the stock just before shares rebounded amid COVID-19s massive selloff, scoring a winning swing trade. Or at least those holding PSTH stock would hope so. Dating to the 17th century, a tontine is a group annuity thats basically a death bet. PSH's objective is to maximize its long-term compound annual rate of growth in intrinsic value per share. Welcome to Pershing Square Holdings, Ltd. (the Company) Please read the disclaimer below carefully. 2nd Annual Pershing Square Challenge (2009) Date: April 3, 2009 First Place Winners: Grant Bowman '10, John Piermont '10, and Tim Ruppert '09, Apollo Group, Inc. (APOL) 1st Annual Pershing Square Challenge (2008) Date: April 25, 2008 First Place Winner: Shilpa K. Marda '09, Nutrisystem (NTRI) Certainly were seeing some curious cat-and-mouse on display with this SPAC. Theres also a chance it may not happen altogether. And yet, investment heavies have taken this as a sign. Maybe thats it. So, what is PSTH and what differentiates this SPAC from the others? As shareholders kiss the dirt, the survivors split up the spoils. But what? It was a locking of horns for the history books. And more concerning for those prior buy decisions, the trigger price through $24.81 is also slightly underwater right now. With action 5.26%, the performance over the past five days has been red. 1125 N. Charles St, Baltimore, MD 21201. Then came the Elon Musk tweet on Mar. Or perhaps fintech Bloomberg or artificial intelligence shop Scale AI? All rights reserved. But with shares under $30, PSTH stock is attractively priced. Confirms Fourth Quarter 2019 Dividend for Shareholders and Announces 2020 Dividend Schedule Read More So long as Bill Ackman picks a viable company for his reverse merger, were bound to see some strong upward motion. He called Icahn a bully who takes advantage of little people. I suggest you watch the video to get a taste of whom youre entrusting with your PSTH stock dollars. Bottom line, with pattern exposure of roughly 6% to 9% and larger redemption risk roughly 17% from todays $24.25 PSTH share price, Id suggest a slightly out-of-the-money, intermediate-term bull call spread for smarter positioning in the event this is one of Bills more rare missteps such as Herbalife (NYSE:HLF) or Valeant Pharmaceutical. Pershing Square in Downtown Los Angeles Pershing Square is a public park in downtown Los Angeles. Given how things work on social media, Ackman could make a major announcement at just about any time. Chris Tyler is a former floor-based, derivatives market maker on the American and Pacific exchanges. Smart investors want to know what Ackmans funding. Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) trade information. Editors note: This article was updated on April 20, 2021, to clarify that PSTH has until 2022 to find a partner. But if you must have a clue for you investor parlor game, here it is: On the date of publication, Lou Carlozo held a long position in TSLA. last years market-beating return of around 70%, 7 Dividend Stocks to Avoid in Your Retirement Portfolio, Louis Navellier and the InvestorPlace Research Staff. He hasnt identified his target company yet. Good thing Pershing Square isnt actually a tontine, but a special purpose acquisition company, or SPAC. The list of blank-check company casualties also includes PSTH stock. But no matter which is selected and following last years standout performance, its largely come home to roost for this thematic trade in 2021.