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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": "Assuming $150,000 of Net Working Capital on average per Waldenbooks store, we believe there is $90mm of total Net Working Capital trapped in the Mall segment",
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      "text": "Waldenbooks Total Units: 600; Net Working Capital per store ($000): $150k; Total Net Working Capital ($ in mm): $90mm; 2006E EBITDA: ~$5mm",
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