Quote:
Originally Posted by SensualPoet
But you have to believe $250 million would be a much cheaper investment in getting Borders on track than four times that to merge with another weak player ... and probably still need more capital after that to get things moving.
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I would, if I thought that $250 million
would get things back on track.
But I don't see that as a move Pershing would make. That's the sort of thing a major investor in for the long term makes, and that does not describe a hedge fund. Those guys want to buy distressed assets cheap, do things that boost the price of the stock, then sell their holdings high and cash out. They are short term players. Their challenge is to boost the stock price, and be
able to sell high.
Do you think a $250 million investment would do that?
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Dennis