Post by
Carlos66 on Apr 21, 2016 4:20pm
re: multiple bidders
it may not open till Monday, because this deal may be complicated with the number of bidders, egos, debt holders all in the room together.
Lots of moving pieces as Ackman may want to sell at a high price to get some money back (plus a return) since he hasn't had a good start to this year!
Or he may want to buy it all at a low price so he can use the cash flow to pay for it on the cheap!
IMO too complicated to be settled by tomorrow.
carlos
Comment by
adamchess on Apr 21, 2016 4:39pm
hey Carlos, I think you may be onto something. There will be more being called to the party in order to establish a reasonable price considering its outlook next 5 - 10 years. $150 CAD will triple during this time frame if everything they say is true. I was hoping to hold at least that long. GLTA including shorts LOL