Hedge fund makes $300 million on whole foods takeover!!

[S2007S]

Amazing what these activists do on wallstreet and how they get away with it...destroying companies just so they can profit from it....they step in drop hundreds of millions of dollars and start telling the CEO and other executives what to do so they can make a quick profit and jump out after the buyout takes place, rinse and repeat....


The hedge fund that turned Whole Foods into a takeover target for Amazon is walking away with $300 million

https://www.yahoo.com/finance/news/hedge-fund-turned-whole-foods-213129771.html

 

[vanzandt]

Hasn't worked out so well for Ackman and CMG.

$50/share X 28M shares... 1.4 Billion in lost market-cap in three days.
He owns 10%. 140 Million bucks.
(And his cost basis is more like $415 not the $396 I'm using here. Add another 25M for good measure )

And then there's Herbalife, VRX, and JCP
Win some lose some I guess.

 

[cdcaveman]

Amazing what these activists do on wallstreet and how they get away with it...destroying companies just so they can profit from it....they step in drop hundreds of millions of dollars and start telling the CEO and other executives what to do so they can make a quick profit and jump out after the buyout takes place, rinse and repeat....


The hedge fund that turned Whole Foods into a takeover target for Amazon is walking away with $300 million

https://www.yahoo.com/finance/news/hedge-fund-turned-whole-foods-213129771.html

It's called a free market.. it's voluntary exchange....no one is holding guns to people's heads

 

[JSOP]

Hasn't worked out so well for Ackman and CMG.

$50/share X 28M shares... 1.4 Billion in lost market-cap in three days.
He owns 10%. 140 Million bucks.
(And his cost basis is more like $415 not the $396 I'm using here. Add another 25M for good measure )

And then there's Herbalife, VRX, and JCP
Win some lose some I guess.

Highly doubtful if anybody would want to buy Herbalife. Whole Foods at least is selling something that is positive. What is Herbalife selling? Packaged Ensure products anyone? In this day and age with all these abundance of information regarding healthy eating, you think people would be more informed about binge weight-loss programs.

 

[motif]

Amazing what these activists do on wallstreet and how they get away with it...destroying companies just so they can profit from it....they step in drop hundreds of millions of dollars and start telling the CEO and other executives what to do so they can make a quick profit and jump out after the buyout takes place, rinse and repeat....


The hedge fund that turned Whole Foods into a takeover target for Amazon is walking away with $300 million

https://www.yahoo.com/finance/news/hedge-fund-turned-whole-foods-213129771.html

Bravo! Greed is good.

 

[noddyboy]

Hasn't worked out so well for Ackman and CMG.

$50/share X 28M shares... 1.4 Billion in lost market-cap in three days.
He owns 10%. 140 Million bucks.
(And his cost basis is more like $415 not the $396 I'm using here. Add another 25M for good measure )

And then there's Herbalife, VRX, and JCP
Win some lose some I guess.

Good point! Why doesn't S2007S care when smart people lose money?