Today Corvex Management, a hedge fund based in New York City, sent a letter to American Realty Capital Properties' board. Corvex currently owns more than 70 million shares of ARCP – around 7.7% of shares outstanding, and is the company’s...
Corvex Management LP, which manages investment funds that collectively own
approximately 7.7% of the outstanding shares of American Realty Capital
Properties Inc. (NYSE: ARCP), today released a letter to the Board of Directors
of ARCP. The...
Two stock sales in less than a month. What is going on around here? Have I lost my marbles?
I certainly hope not.
Although I’m a buy-and-hold investor, the occasional sale is necessary if it means making the portfolio better over the long run....
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