As part of a segment on CNBC’s Fast Money Tuesday evening, Pershing Square CEO and founder Willam Ackman – Borders’ majority stakeholder and holder of a $42.5 million loan that will come due on April 1 – prognosticated on the retailer’s chances of survival: “I think [bankruptcy] is a low-probability event. The company’s made a lot of progress in last 12 months from operational and a financial point of view” and “really stabilized itself financially.” He later added: “The stock trades as if it’s going to go bankrupt at $1 a share…[but] we’re going to see more when company reports […]
