Never believed in it and wouldn't do it.. rather be a shareholder of a company seeing wealth being generated and capital increasing over time for shareholders/pension schemes etc... I suppose it serves a purpose but not for me thanks
"But still won't close the QPP short until it is closer to fair value. And anyway, given the circumstances surrounding it, I consider shorting QPP to be a righteous act."
I hope you do keep your short open until it is closer to fair value. I'll bet a pound to a pinch of snuff that you will never get below the 30p that you could have closed at in December, but you know best, of course.
KNIGELK: you're right that the game has changed now, and I opened a new short on another stock not long after this deal was announced, because QPP is now just a fixed income element with respect to the capital return, and of minor residual value.
But still won't close the QPP short until it is closer to fair value. And anyway, given the circumstances surrounding it, I consider shorting QPP to be a righteous act.
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