This Hedge Fund Thinks Popeyes Is a Better Bet Than Berkshire Hathaway
Maybe hedge fund operator Bill Ackman didn't like the fact that Warren Buffett sat on the sidelines after the markets tanked in March, missing out on one of the most remarkable recoveries in history.
Ackman's Pershing Square Capital Management sold all of its shares in Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in the second quarter and lined up with everyone else who wants a Popeyes chicken sandwich by adding to his stake in Restaurant Brands International (NYSE: QSR), the parent of Popeyes, Burger King, and Tim Hortons.
Image source: Restaurant Brands International.
Source Fool.com
