Ackman Calls Borders (BGP) Very Very Cheap
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).
Create E-mail AlertRelated Categories
Insiders' BlogStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
