No. of Recommendations: 1
first, am certain ackman is nothing but a flea to the brookfield elephant, but fleas are sometime pathogen vectors.
ackman must be wondering where all you well informed apologists were when he really needed you to buy into his CEF of public securities at prices above NAV?? CEFs with good track records trade at a discount, and ackman's own european one does as well.
now abandoned, it appears institutions and retail did not have to be overly informed to pay $11 for $10. not illegal to ask, but grift for sure. hell, trump flogs things worth $0, also not illegal.
in fairness, ackman not always acted a miscreant. he did try to expose the herbalife pyramid scheme until too much of of his own money was at risk, and suddenly his self-righteousness and conviction met its match. he found more 1-sided battles to pursue.
