Was Bill Ackman right in selling Starbucks stock and buying Domino’s Pizza stock?

Billionaire hedge fund investor Bill Ackman revealed on Wednesday that his fund Pershing Square Capital Management sold out its stake in multinational Coffeehouse Starbucks (NASDAQ: SBUX) in favor of a 6% stake in the global restaurant chain Domino’s Pizza (NYSE: DPZ).  Domino’s shares spiked 4.4% in the morning before pulling back to end the day […]