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Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates.

Activist Investor Ackman Boosts His Stake in Target

Submitted by admin on Fri, 11/30/2007 - 10:54

Activist investor William Ackman said he increased his company's stake in Target Corp., the second- biggest U.S. discount chain.Ackman, whose Pershing Square Capital Management LP lobbied McDonald's Corp. and Ceridian Corp. to boost share prices, said that Minneapolis-based Target is 'probably the best retailer in the world.'

'We have enormous respect for management,' Ackman,said at the Value Investing Congress in New York. 'They are doing exactly the right things.'

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