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Wednesday, Oct 19
2011, 7:44 PM
The housing market is going to recover sooner than many think, according to Pershing Square's...
The housing market is going to recover sooner than many think, according to Pershing Square's Ali Namvar, and he's positioning the firm's $10B portfolio now to take advantage of it. One of his favorite picks: Fortune Brands Home & Security (FBHS), the recent home remodeling and security business spin off of Fortune Brands (FO). The company's current valuation assumes almost no housing recovery in the next five years, Namvar says, making it a great low-risk play.