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>> MCDONALD'S Latest News

JUL 09, 2013 - Business Insider

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There's A Rumor Going Around That Bill Ackman Could Be Making A Massive Bet On FedEx

Yesterday Reuters reported that Bill Ackman is calling on pension funds and endowments to commit $1 billion to two new funds that would take an activist stake in an unnamed American company. Today, FedEx stock is going absolutely gangbusters, up 6%— so maybe this is the one people (h/t Street Insider). It certainly fits the Ackman profile. In the letter leaked to Reuters he wrote that the company was "simple, predictable, and free-cash-flow -generative and enjoys high barriers to entry." He also said that it "substantially lower multiple of earnings than its most comparable ... Read More

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