Whether Bill Ackman plan to move Target's (TGT) real estate portfolio into a REIT structure succeeds or not, it's a stock with high intrinsic value that could trade much higher than it does today.

The retailer would own its stores on 75-year ground leases under Ackman's plan, and a spun-off real estate investment trust would own the land. He claims that the share prices of the two entities could double, with lower taxes helping to increase cash flow.

If the oligarch bailout is any indication, the Russian markets may be close to the bottom.

Yesterday, Russia allowed Mikhail Fridman, one of the country’s richest ‘oligarchs’, to tap into its $50 billion rescue fund to pay back a $2 billion bank loan that faces a margin call.