Billionaire Bill Ackman's Big Bet: What You Need to Know

Howard Hughes Holdings (NYSE: HHH) is drawing attention for a new reason over the summer: a shift in strategy. In May, Bill Ackman's Pershing Square invested additional capital in the company and outlined a plan to move it beyond its traditional focus on land development and operating properties.Howard Hughes owns and develops large-scale master planned communities across the U.S. (including Summerlin near Las Vegas, Bridgeland and The Woodlands in Texas, and Ward Village in Honolulu), along with income-producing retail, office, and hospitality assets. But the proposition now is bigger than real estate. Ackman is positioning Howard Hughes as a long-term holding platform that can buy controlling stakes in high-quality operating businesses while continuing to compound value in its core portfolio.All of this prompts investors to consider what this new direction could mean for Howard Hughes' potential over the long term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool