"New York City under Mamdani is about to become much more dangerous and economically unviable. Unlike our Federal government, NYC cannot print money, and this Federal Government won't bail NYC out if things go bad."
Nike is a business Ackman understands very well. He's done well in the stock in the past, and history seems likelier than not, at least in my view, to repeat itself, especially since Ackman punched his ticket to the name after a close to 50% drop in the stock.