lcva2 Billionaire investor Bill Ackman on Friday said Pershing Square ( PS ) will disclose a new position in Microsoft ( MSFT ) in its upcoming 13F filing, calling the tech giant “highly compelling” at current valuations and revealing that his newly launched fund, PSUS ( PSUS ), has also recently made Microsoft a core holding. "We believe Microsoft's recent share price decline has been principally...
lcva2 Billionaire investor Bill Ackman on Friday said Pershing Square ( PS ) will disclose a new position in Microsoft ( MSFT ) in its upcoming 13F filing, calling the tech giant “highly compelling” at current valuations and revealing that his newly launched fund, PSUS ( PSUS ), has also recently made Microsoft a core holding. "We believe Microsoft's recent share price decline has been principally driven by investor concerns around two key issues: i) the competitive positioning of M365 against increasingly capable AI lab offerings (notably Anthropic's Claude Cowork), and ii) the durability of Azure's growth, especially in light of Microsoft's evolving relationship with OpenAI ( OPENAI )," Ackman said in a post on X . "In our view, investors underestimate the resilience of the M365 franchise given its deeply embedded role across enterprises and highly attractive price-value proposition." Unlike point software solutions, which may be "vulnerable to disintermediation by better-performing AI alternatives," M365 is tightly integrated into the daily workflow of nearly every large enterprise and is supported by Microsoft's identity, security, compliance, and data governance infrastructure, which would be nearly impossible to replicate, he added. Talking about Microsoft's increased 2026 capital expenditure budget to roughly $190B, Ackman said the spending should be viewed as growth capex tied to future revenue generation, similar to investment trends seen at hyperscaler peers Amazon ( AMZN ) and Google ( GOOG ) ( GOOGL ), as demand for AI and cloud infrastructure continues to accelerate. "Like our purchases of $GOOG, $AMZN, and $META, we believe that $MSFT offers analogous and compelling long-term value at today's valuation," he said in the post. More on Microsoft, Pershing Square USA, Ltd. Microsoft Stock Is Now A Table-Pounding Buy Microsoft: Death Of SaaS Has Been Overly Exaggerated - Reiterate Strong Buy Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? T...
lcva2 Billionaire investor Bill Ackman on Friday said Pershing Square ( PS ) will disclose a new position in Microsoft ( MSFT ) in its upcoming 13F filing, calling the tech giant “highly compelling” at current valuations and revealing that his newly launched fund, PSUS ( PSUS ), has also recently made Microsoft a core holding. "We believe Microsoft's recent share price decline has been principally...
lcva2 Billionaire investor Bill Ackman on Friday said Pershing Square ( PS ) will disclose a new position in Microsoft ( MSFT ) in its upcoming 13F filing, calling the tech giant “highly compelling” at current valuations and revealing that his newly launched fund, PSUS ( PSUS ), has also recently made Microsoft a core holding. "We believe Microsoft's recent share price decline has been principally driven by investor concerns around two key issues: i) the competitive positioning of M365 against increasingly capable AI lab offerings (notably Anthropic's Claude Cowork), and ii) the durability of Azure's growth, especially in light of Microsoft's evolving relationship with OpenAI ( OPENAI )," Ackman said in a post on X . "In our view, investors underestimate the resilience of the M365 franchise given its deeply embedded role across enterprises and highly attractive price-value proposition." Unlike point software solutions, which may be "vulnerable to disintermediation by better-performing AI alternatives," M365 is tightly integrated into the daily workflow of nearly every large enterprise and is supported by Microsoft's identity, security, compliance, and data governance infrastructure, which would be nearly impossible to replicate, he added. Talking about Microsoft's increased 2026 capital expenditure budget to roughly $190B, Ackman said the spending should be viewed as growth capex tied to future revenue generation, similar to investment trends seen at hyperscaler peers Amazon ( AMZN ) and Google ( GOOG ) ( GOOGL ), as demand for AI and cloud infrastructure continues to accelerate. "Like our purchases of $GOOG, $AMZN, and $META, we believe that $MSFT offers analogous and compelling long-term value at today's valuation," he said in the post. Microsoft shares erased earlier declines and turned positive in premarket trading. More on Microsoft, Pershing Square USA, Ltd. Microsoft Stock Is Now A Table-Pounding Buy Microsoft: Death Of SaaS Has Been Overly Exaggerated - Reit...
undefined China’s net new yuan loans turned negative in April for only the third time on record, underscoring weak credit demand as households continued to cut debt and bond financing played a bigger role in supporting the economy. April is a seasonally weak month for lending in China, but net new yuan loans rarely turn negative. Net new yuan loans came in at negative 10 billion yuan ($1.5 billion...
undefined China’s net new yuan loans turned negative in April for only the third time on record, underscoring weak credit demand as households continued to cut debt and bond financing played a bigger role in supporting the economy. April is a seasonally weak month for lending in China, but net new yuan loans rarely turn negative. Net new yuan loans came in at negative 10 billion yuan ($1.5 billion) in April, according to People’s Bank of China data released Thursday. That missed economists’ average forecast of 358.3 billion yuan in a Caixin survey. Previous negative readings were recorded in July 2025 and July 2005. Unit: billion yuan China’s New Yuan Loans Turn Negative Sources: People’s Bank of China, CEIC -1,000 0 1,000 2,000 3,000 4,000 5,000 6 , 000 April July -10 The weak data pointed to persistent pressure from China’s prolonged property downturn, which has dampened household borrowing appetite and pushed consumers to deleverage.
Golden Minerals Company ( AUMN ) announced the sale of 100% of the shares of Minera William S.A. de C.V. for $1.2M. Golden Minerals and its subsidiaries ECU Silver Mining and Golden Minerals Services sold 100% of Minera William to Streamline Metals Capital and Horizon Silver Resources. Minera William mainly held tax losses and a royalty interest in Mexico’s San Diego project. Separately, Golden Mi...
Golden Minerals Company ( AUMN ) announced the sale of 100% of the shares of Minera William S.A. de C.V. for $1.2M. Golden Minerals and its subsidiaries ECU Silver Mining and Golden Minerals Services sold 100% of Minera William to Streamline Metals Capital and Horizon Silver Resources. Minera William mainly held tax losses and a royalty interest in Mexico’s San Diego project. Separately, Golden Minerals ( AUMN ) agreed to sell 3.74M common shares to Streamline Metals Capital in a private placement at $0.229 per share, raising about $856,463 in gross proceeds. After the deal closes, expected around May 20, 2026, Streamline will own about 19.9% of the company. Streamline and Horizon are privately held firms based in Vancouver, B.C. that invest in mining projects. The proceeds will be used for working capital, advancing joint venture projects in Nevada and Argentina, evaluating new opportunities including in Bolivia, and general corporate purposes. More on Golden Minerals Golden Minerals Company reports FY results Historical earnings data for Golden Minerals Financial information for Golden Minerals
HendrikSulaiman/iStock Editorial via Getty Images Picking Up Where We Left Off In my earlier post about Grab Holdings Limited ( GRAB ), I had said that the market was mispricing a company that has already passed the profitability stage, and I think I've made a pretty good point on what the company's doing, and what their numbers are, so I encourage you to read that if you want additional context. ...
HendrikSulaiman/iStock Editorial via Getty Images Picking Up Where We Left Off In my earlier post about Grab Holdings Limited ( GRAB ), I had said that the market was mispricing a company that has already passed the profitability stage, and I think I've made a pretty good point on what the company's doing, and what their numbers are, so I encourage you to read that if you want additional context. I also said what was being overlooked was the impact of improving EBITDA in all segments, the $5.4 billion in net cash on its balance sheet, and the imminent breakeven of GrabFin (which I think will be one of Grab's major growth drivers ) , which is poised to become a profitable segment. With a price target of $7.31, I rated it a Strong Buy at $4.21. The stock proceeded to fall to about $3.57/share, and even at this price, I'd still rate it as a Strong Buy. A lot has changed since my previous article, which is why I felt the need to create an update article and review the Q1 earnings in this article too. One thing's for sure: recent results show that the fundamentals have improved, not worsened. During Q1 2026 , the company recorded $955 million in revenues, $154 million in Adjusted EBITDA, an increase of 46% from the year-ago quarter, and $120 million in net profit, representing 12 times that of the year-ago quarter. This represented the 17th consecutive quarter of EBITDA growth in what Co-Founder, Chairman & CEO Anthony Tan openly admitted was the " seasonally softest quarter of the year." The gap between the true value of this business and its market price has only widened since April. But something material that I flagged as a risk to monitor has since become reality in Indonesia. On May 1, 2026, President Prabowo Subianto signed a presidential regulation that limits the amount of commission ride-hailing companies can collect from drivers to 8%, down from the existing 20%. The target of implementation has been determined by the Indonesian Manpower Ministry to be June 20...