bullish
Tarjay: Legendary Retailer on Markdown
SUMMARY
- Summary: Resilience and Growth Through Turmoil, Asymmetric Opportunity Today
- Target TGT 4.54%↑ has been a highly controversial retailer for years.
- Recall that in 2007, Bill Ackman’s Pershing Square invested in the business, ultimately building a 10% stake and launching an activist campaign to get on the board and force a sale-leaseback of Target’s extraordinarily valuable real estate.
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