"There are many ways they can compensate Ackman with fees for acquisition arrangements, financing, asset management, consulting, etc., etc. etc. "
on this I disagree;
Ackman has over 1 Billion in equity right now...not too many fees can make that up.
You had a vison to buy GGP at the worst low price while others feared. You deserve big money on the horizon. Shorts are coming back after changing id here. And appreciate your consistency as well
My take is that the floor was set at $15. I don't mind a conversion there for a portion of the company as it will likely trade up based on resolution of the unsecureds. BAM is investing at $15...thus I'm sure the rest will fall in line there.
It is not surprised to hear that Ackman and his friend to put cash in. Two months ago, ACKMAN sold two stocks inclding MCD. He accumulated billions in cash without reason. It is just a biginning to enhance pps to the level of $50s within 2/3 years span.
This is just beginning as well for Ackman prediction avg $34 and high $43. We will see how badly SPG's david get hurt. He once talked GGP buyout to be once a life deal.
We all long investors enjoy big ride on it.
I am very happy to hold 20,000 shares + div payout.
There are many ways they can compensate Ackman with fees for acquisition arrangements, financing, asset management, consulting, etc., etc. etc.
There is no limit to the creativity they can come up with to compensate Ackman for the dilution he would have to take for supporting a conversion rate that sends Bucksbaum and all the other commonholders to floor eating their crumbs.