It is good to pay attention to where they are putting their money. I don't know the complete answer to your question. But I do know investing in certain stocks has to do with the overall situation of the investor. Like micro-cap vs. mid and large-cap stocks. Someone with a lot of money to put to work and low risk tolerance may choose the preferreds. While someone with less money and a higher risk tolerance, and who perhaps is more nimble...because of their small balances... and able to watch the market continually everyday may choose the commons. Also, as recent monumental blunders by large funds has proven...all too often the "smart money" is fallible.
Isn't he the guy that says mortgage your house. When you borrow $282K, that's a nice monthly note you have to pay each month for the last 3-7 years. I understand why he sold. It's like guy in the "Big Short", you know it's going to happen, but when. Some people can't last years to hold. We might hit $20 with the appeal or just double. Sweeney might be the big payout ruling. Long and strong...keep your money clean.
Except Ackman has a few more shares than Glen ever did.. and by a few I mean more than anyone else in the world save the Treasury.
I think he's in this for either a settlement or a SCOTUS case. I'd bet the Govt settles before it comes to that but that's just a guess.
They haven't lost (yet) but since now there is nowhere to hide in the brave new world it will only be a matter of time before all the corruption truths are public.
Also, IIRC Berkowitz mentioned there were settlement talks as far back as December 2015 though apparently they didn't go so well.
I guess we'll all just have to wait and see if the Judiciary is as terrible as the other two branches of gov't have become.
BTW anyone else feel a little screwed that no one in elementary school told us how politics actually work?
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