Ackman knows well (through his experience with Alexanders) that very often the real value in these old "legacy" retailers is in the real estate they own.
No matter who the CEO is or what he/she tries to do, I have trouble believing that in today's world of Walmart & Amazon any of these pre-WWII dinosaurs will survive.
All that is needed to make a happy life is within yourself, in your way of thinking. -Marcus Aurelius
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