Why We Doubled Our Position in Borders - Whitney Tilson

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Why We Doubled Our Position in Borders
Apr 18, 2008 07:32 AM UTC

Whitney Tilson

Return	Risk
-10.02%	MID

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Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
BGP		04/18/08	-64.72%	--

Via Long Investment Ideas from Seeking Alpha:

Excerpted with permission from the monthly letter to investors in Mr. Tilson's T2 Partners Fund:

Borders Group has been a terrible investment so far, as the stock has suffered from a weak macro environment, negative investor sentiment and numerous management missteps. Things got so bad recently that the company faced a liquidity crunch and was forced to do a dilutive emergency financing with its largest shareholder, Pershing Square Capital Management.

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