Hedge fund manager Ackman sees premium for Wachovia

``Wachovia shareholder and hedge fund manager Bill Ackman said the financial firm could be worth between $7.29 a share and $19.59 a share, well above its recent trading level of $5.62 a share on Monday. Ackman said at a presentation that there could be more than $20 billion of cash at Wachovia's holding company. Wachovia's brokerage and asset management units could be worth $4.3 billion to $8 billion.'' -- Probably holds if the liabilities can be sloughed off, somehow (like with an FDIC guarantee).