ALEX is approaching pre-Ackman announcement levels
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.