11 Comments
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A.T's avatar

Ackman was involved in the sale of Jim Beam to Suntory Holdings!

DS's avatar

IN N Out

Edwin Dorsey's avatar

Excellent work Andrew! This one was fun to read:)

Lone Elm's avatar

Thoughts on Fidelity? Iconic brand, has long growth runway of "all financial markets forever", family owned so probably some infighting about whether to go public and how to minimize taxes, which could account for delays.

Though as I remember, Abigail is not interested in going public.

Andrew Walker's avatar

it's a good thought; will include it in my follow up!

larry callahan's avatar

What would you think of Enterprise Holdings (rent a car) in ST Louis?- third generation Taylor family running it now and it faces a tricky auto industry transition to autonomous, ride sharing etc etc.

Andrew Walker's avatar

doesn't feel like his style. don't think it's iconic, pretty asset heavy, tough to forecast future

Karl Hungus's avatar

Gonna be a sleepy one.

Travis's avatar

Intriguing possibilities. Mark Anthony Brands makes a ton of sense. I think Porsche owns too much Volkswagen for it to be possible? Trader Joes is about the right size and has some family ownership complexity. I'm convinced the deal announcement will be a quick pop & flop initially, but maybe Ackman will give it a good sell with an iconic Pershing presentation...