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Letgoofmyfannie

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Letgoofmyfannie

Re: JosephS post# 545915

Wednesday, 08/07/2019 7:19:26 PM

Wednesday, August 07, 2019 7:19:26 PM

Post# of 797167
Didn't Ackman buy jr. preferreds after he had made his large and potential huge winner of a bet in Common shares? And that he bought them as a hedge against the more politically risky Common shares? Why would he do that?

As I recall unscientifically, Ackman hedged jrs to Common at some ratio, it may have been 5 to 1 at the time, not sure.
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