For anyone who thinks that perhaps Starbucks’ (NASDAQ: SBUX) long growth arc has started to level out, there’s a billionaire who disagrees, and he’s putting his investors’ money where his mouth is. Bill Ackman’s hedge fund, Pershing Square, has taken a $900 million stake in the coffeehouse chain, and he sees the stock doubling in the next three years.
The team from The Motley Fool give their thoughts on Ackman’s involvement: