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Ackman To The Rescue

Though likely reeling from the recent blows to his Target holdings, Bill Ackman isn't going to go quietly into the night any time soon. The New York Times reports today that our activist hero (we love you BA!) is in talks with Target to add (and subtract) some board members.
We agree with the big BA that Target is badly undervalued, but only because we think people under-appreciate the value of ordering from a wide selection patio and garden furniture online (nothing like a little bit of South Bali collection to round out the condo on the 6th floor you might have to vacate any day now).
We are going to ignore the fact that you sold a bunch of Target calls this month. That's just positioning. We know, we know.
Ackman Talks to Target About Board Seats [The New York Times]