Time decay is eating into the money every day, every week and every month.
With all kinds of negative news out there, whoever is LONG this stock has pretty thick skin. Let's say, the stock will trade in the range of $55 - $65 over the next 3 months.
I don't think LONGS will mind but Ackman will be losing a lot of money due to time decay of his massive put position.
Before that might have been true because of the div but if this trades sideways for 3 months many people will exit stock
You've got that right. Which is why you'll see negative press weekly to push the price down. Manipulation pure and simple.