TSX:BPO.PR.A - Post by User
Post by
Carenaon Aug 20, 2024 11:43am
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Post# 36188000
Bill Ackman
Bill AckmanHi there,
Nice to see Bill Ackman has taken a position in BN (6.8 million shares).
I am definitely respectful of what he has done but I do also recall the days Brookfield and Ackman were at odds over I think the restructuring of General Growth Properties (GGP) out of bankruptcy after the financial crisis.
I saw this in a Seeking Alpha article and it also said Ackman bought in at around the all time highs. I have to think this is all about owning hard assets and with the inflation we have had in recent years, replacement cost of hard assets has skyrocketed. If I have it right, this is the moment Bruce Flatt has been waiting for. Ultimately, this is good news for our BPO prefs.
Have a great day,
Carena