Add news
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020
123456789101112131415161718192021
22
23
24
25
26
27
28
29
30
31
News Every Day |

Shark Tank investor Kevin O'Leary breaks down his strategy for picking SPACs — and explains why he'd bet on Bill Ackman and 3 other leaders

kevin oleary pinblock shark tank abc
  • Shark Tank investor Kevin O'Leary appeared on CNBC's Tuesday Halftime Report and said he is "very selective" in his choice of SPAC leaders.
  • "There's a lot of really bad product out there versus good product," the investor said. He recommended examining a SPAC leader's track record before buying in. 
  • He listed Bill Ackman, Todd Boehly, Michael Klein, and Alec Gores as four SPAC leaders with long track records of success. 
  • "Do I want to bet with Bill? Sure, I'll give him some dough," O'Leary said. 

Shark Tank investor Kevin O'Leary shared his SPAC-picking strategy during CNBC's Halftime Report on Tuesday.

O'Leary said he is "very selective" in his choice of leaders and recommends investors examine a SPAC leader's track record before buying. He named Bill Ackman, Todd Boehly, Michael Klein, and Alec Gores as investors with long track records of success.

"There's a lot of really bad product out there versus good product. But give me a guy like Alec Gores or Bill Ackman to be the sponsor and I look at this track record. You don't have to love him, you just have to look at his track record and I'm pretty happy," he said.

Read more: Sustainable-stock funds are snapping up shares of these 20 companies — and most of them beat the market during September's turmoil, RBC says

CNBC showed a list of O'Leary's SPAC "buys" which included Ackman's Pershing Square Tontine, GSC Acquisition Holdings II, and Tailwind Acquisition.

"Do I want to bet with Bill? Sure I'll give him some dough. Todd Boehly? Absolutely, the guy's track record is spectacular out West. I want to give these guys money to put to work for me," he said. "And basically because we have less and less public companies, what they're going to do is find something and take it public, and I'll be getting in hopefully on the ground floor." 

Todd Boehly is behind the Horizon Acquisition Corporation SPAC.

O'Leary also said that choosing a SPAC to invest in can get complicated, and therefore he doesn't recommend them to everyone. But investors who are interested should read the SEC form S-1 filings of the blank check firm before they buy in.

Read the original article on Business Insider


Read also

I was mum-shamed in Lidl for carrying my baby in a ‘dangerous’ sling & others have said I’m a hippy, but I won’t stop

Hilary Clinton calls on Buhari, Army to stop killing of #EndSARS protesters

Startups run by women of color need money from investors, not empty platitudes



News, articles, comments, with a minute-by-minute update, now on Today24.pro




Today24.pro — latest news 24/7. You can add your news instantly now — here