Probably enough to crash their email system.
Play the music so the passengers / shareholders don't panic.
Why is it good to go back to the previous CEO? And what the heck to Ackman know about retail...come on how can you forget his Target trade. It would not surprise me if the SEC tells Ackman to either be a fund manager or a board member. All JCP shareholders should be concerned that Ackman is just looking for a quick pop to start selling shares.
I agree with you however now that he has two board members and 15+% of the outstanding shares when is he held up by knowing too much information on the company? I am referring to insider trading rules.
Now that M. Dell might be looking at some competition do we see a bid from Blackstone then a counter from Dell? I think if we get a bid by Blackstone it might be time to get some popcorn and watch the fight.
So Ackaman bought a bunch of shares...got board seats...helped appoint Johnson to the role of CEO. Here we are with huge racked up expenses, huge drop off in sales, #$%$ off customers and we are now hoping that an ad campaing of Joe Fresh is going to save the company. Needless to say that Johnson has a huge parachute should everything fail.
I am neither long nor short but this is sad.
Ichan and management are up to something. There is no way that an activist investor such as Ichan who keeps buying shares is not trying to figure out a way to crush Ackman.
Well publicly traded companies have regular interations with regulators. SEC filings on almost everything that is done within the company. Then there are regular SOX reviews of the firm's contols. It's kind of hard to make a comparison between Madoff and HLF. The company went public in 2004...don't you think that the NYSE and the SEC have a little bit of a review process during the pre IPO process. Has the business shifted so much since 2004 that the regulators would be able to call it a scam. How is Avon or Tupperware so different? Intellegent opions are appreciated.
It's time to pull the emails. My question is if this is what Ackman claims then why has any regulator said anything in the past. I am just curious how the SEC does not look into a hedge fund who creates a huge short position just before the end of the year...go public with the short in such a large forum...effectively juice his performance numbers for the year...charge fees for it...and continue to publicly trash the stock, company, and management. Regulatory investigations go both ways Mr Ackman.
You have to admit that this is trading as if they are shutting off the lights. I can only imagine the reviews, board meetings, late night conference calls going on at Affymax.
This stock is either ineligible to be shorted or shares must be borrowed externally. Lenders of hard-to-borrow securities charge a fee in the form of interest. Clients who wish to short a minimum of $50,000 of a hard-to-borrow security and are willing to pay a fee to cover the cost of borrowing those shares, may contact Securities Lending at 800-355-2448 to determine the fee amount.
Looks like Ichan's plan to remove the supply of stock being able to get shorted is working. Ackman #$%$ off the wrong guy.
Board needs to meet and toss out the CEO then send limos to the best customers and welcome them back to a private reception at the stores. Did I hear right that revenue is down over 30 pct.
I am neigther long nor short.
That's going to leave a mark.
Question is...when will the increase happen? I would think that with this recent purchase the discussions might get tougher with the larger investors.
Ichan made a big issue with Ackman coming out with his reports at the end of the 4th Q in a way that propped up their results for the year. You gotta believe that over the next month Ichan is going to go out of his way so the next Q's report to investors are so incredibly bad. The next month will be interesting.
Does anyone know if Ackman holds JCP in the same fund as HLF? It would not surprise me if Ichan spends another 500 million to a billion to tighten the noose of Ackman and his investor. Even if Ackman is right which I don't think he is...he really #$%$ off the wrong guy.
Does anyone know if Ackman's investment in HLF is in the same fund as JCP and whether he is using leverage? Very painful day...would not surprise me is Ichan spends a billion or two to inflict as much pain as possible on Ackman.