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  "documentTitle": "Borders Group, Inc. (BGP)",
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  "authorName": "William Ackman",
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  "presentationDate": "2006-11-09 00:00:00",
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      "text": "2. Borders is a mix of high-quality businesses and several low-ROI, money-losing businesses which are in the process of being rationalized",
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      "text": "Recent initiatives, including (1) Remodel program, (2) Rewards program, and (3) Distribution center consolidation, have reduced reported Superstores profitability",
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      "text": "Rapid decline of Music sales (music was 22% of sales in 2001, now roughly 11%)",
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