NYSE:PSCapital Markets
Pershing Square (PS) Stock Still Looks Stretched After A 69% Run
Pershing Square stock has had a strong run so far this year, yet the current valuation checks suggest the shares are not an obvious bargain. The market has pushed the price up quickly while the broader metrics still lean toward the stock screening as expensive.
Pershing Square is up 68.7% year to date, which puts extra focus on whether the recent strength already reflects most of the good news in the price.
The fund structure and concentrated portfolio can support earnings and asset growth...