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ALEX is approaching pre-Ackman announcement levels

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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.

Deej

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