Pace Money Stuff today on large institutional investors should call up Gilead and tell them “Don’t sweat the profits just make a treatment for coronavirus; we can take the loss on your stock to make gains across our portfolios.”:
Couldn’t you do this via basically proclamation?
Couldn’t you do this via basically proclamation?
“Press release: Vanguard thinks that effective coronavirus treatments are in the interests of our portfolio. We have implemented the following cost effective hedging strategy:
If Gilead releases an effective treatment for free, Vanguard will buy shares for $XX at every quantity”
If Gilead releases an effective treatment for free, Vanguard will buy shares for $XX at every quantity”
“Vanguard encourages other owners of Gilead, including e.g. management, to take this substantial premium over the current price into consideration when weighing your future investment decisions. To reiterate: if free treatment, we will happily buy all of your shares.”
