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Pirate Selling Mir

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Pirate Capital just got a bit wetter, liquidating it's entire stake in Mirant Corporation, according to an amended 13D filing. This follows on Pirate's recent exit from its position in James River Coal. Of course, rumors are already starting that the Pirates are pushing these investments off the plank in order to raise the cash to fund redemptions by investors who are worried that the funds managed by Pirate may be in full meltdown mode following the departure of many of it's assets. But, of course, we heard that from a competitor of Pirate's who would be all too happy for Pirate to meltdown, so you can take that with a grain of sea salt.
Pirate Capital Sells Its Entire Stake in Mirant Corporation[13D Tracker]