Trying to figure out why they announced early, why $500m in stock repurchase. Last thing Ricci wants is for the company to be sold. He believes it is the next Google and can be over $100 share in a couple of years. I'm wondering if this is Ricci paying hardball with Ichan and announced early cause he knows Ichan is trying to sell company, and is going to use the $500m to buy back Ichan's shares?
Ricci vs. Ichan.........hhmmmm.........let's see, in one corner, you have a POS CEO who cashes in every chance he gets and continues to get stock options for nothing and buys companies like he is going to a candy store and does not know how to grow organically and NEVER delivers, yet somehow he makes millions and millions for failure...........in the other corner, you have an activist CEO who openly is hostile towards loser CEO's like Ricci ---- I can't wait to see Ichan take down this POS.
How about this scenario. Ricci offers to buy back 1/2 of Ichan's shares at $20, or roughly $300m and agrees to a couple of specific steps to increase shareholder value, like sell imaging division and give him a board seat. In return Ricci keeps his job and Ichan agrees to not be an activist or buy more stock for another year. I wonder why Ricci hired Goldman to advise.... sounds like something they'd cook up.