When hedge fund manager Bill Ackman launched Pershing Square Tontine Holdings (NYSE: PSTH) , the largest SPAC in history, many investors were expecting him to take an exciting, fast-growth business like Stripe or even SpaceX public. So, it's fair to say that many were disappointed to learn that the primary use of the capital will be a 10% stake in Universal Music Group. However, in this Fool Live video clip, recorded on June 7 , Fool.com contributor Matt Frankel, CFP, explains to Jason Moser why as a value investor, he's still excited to be a Pershing Square Tontine shareholder.
For further details see:
Here's Why I'm Excited About Pershing Square Tontine Holdings' SPAC Deal