Les Moonves is an idiot! Lost 400 million on Westwood!
Les Moonves is an idiot. He trusted Deutsche Bank and Ubs to handle Westwood one. Meanwhile he watched Won stock go from the $20's to $2. CBS owns 16 million shares plus millions of warrants. What kind of idiot would let a 400 million dollar investment go to 32 million. He he turned his back on this, who knows what he will do with CBS. You wonder why CBS stock is down to $26. I guess CBS doesn't need 400 million directly to the bottom line.
Great! I geuss I should buy the stock because Les Moonves is a rich idiot that takes care of himself and not the shareholders. Also rumor has it Les sold all his Won stock at $11. But CBS shareholders own 20 million shares of Won stock now at $1.50. You wonder why CBS stock is now $23.