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ALEX is approaching pre-Ackman announcement levels



August 09, 2011 – Comments (0) | RELATED TICKERS: ALEX


I was starting to sniff around Alexander & Baldwin (ALEX) as a potential investment right before Bill Ackman announced his large stake in the company.  Not surprisingly, that news caused this small company's stock to skyrocket nearly 20% and more from there. 

After the recent market implosion ALEX is approaching pre-Ackman announcement levels.  Here's a good write-up on the company for anyone who's interested. 

Is Pershing Square's Investment in Alexander & Baldwin an Inflation Bet?

I came close to buying some in real-life, but I'm not all that optimistic about the economy right now and ALEX's fortunes are a little too tied to shipping for my taste.  Having said that, it's good enough to keep an eye on in CAPS so I'm adding it to my portfolio here today.


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