Bill Ackman, whose hedge fund Pershing Square Capital Management is the largest individual shareholder of General Growth Properties, believes the company “will emerge from bankruptcy reorganization in a strong enough position to benefit investors daring enough to buy its shares.”
According to this story by Thomas M. Anderson in Kiplinger.com, Ackman told investors at a conference in
“Ackman thinks the stock is worth $10 a share in a bankruptcy-court decision that does not involve liquidating the company -- his most pessimistic scenario -- and as much as $30 if court rulings favor General Growth.”
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