Investing in a special purpose acquisition company requires a certain amount of bravado in the best of times. But in the case of Bill Ackman's Pershing Square Tontine Holdings, Real Money columnist Jim Collins has pretty clear advice.
Don’t do it, he argued in a recent Real Money column. ”The financials for a SPAC never look good, until its target acquisition is completed. I have never seen numbers as ugly as [Pershing Square Tontine Holdings] PSTH's, though.”
Collins added “Ackman clearly thought he had a deal with an agreement with....More>>>