Ackman Calls Borders (BGP) Very Very Cheap

November 28, 2007 1:48 PM EST

At the Value Investing Congress today, activist investor William Ackman, founder of hedge fund Pershing Square Capital, called Borders (NYSE: BGP) a, "very very cheap stock."

Recently, Ackman's hedge fund disclosed they raised their stake in the book retailer to 17.1% (10,075,580 shares).

Ackman's fund also owns a large stake in Borders' rival Barnes & Noble (NYSE: BKS).


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BGP 0.23

+0.00 +0.00%
Volume: 1,000
Track BGP

BKS 13.39

+0.12 +0.90%
Volume: 911,937
Track BKS


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