Another "nearly" from the wrong side

[Joel S. Berson]

"Ackerman disclosed that he sold 39.1 million shares to the bank for
$12.60 per share ... That's nearly half of the average $25 a share
that he paid when he first invested in Penney in 2010."

For me, "nearly half" would be $12.40 a share.  Although I suppose
that if one is watching one's investment on its way down, $12.60 is
nearly $12.50.

"Ackerman takes a $400m bath on J.C. Penney".  Anne d'Innocenzio,
Associated Press.  August 29.

Joel

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