LOL @ deflation.
Using the same metrics that the Fed led us to believe there wasn't a housing bubble or inflation in the 2000's when energy prices went out of control and housing went parabolic. It's amazing that people still believe what the Fed feeds them.
Top of the list compared to other Fed officials? And don't even get me started on how the Fed quantifies inflation. For pete's sake, they didn't even see the HOUSING bubble because their inflation metrics didn't catch it.
The Fed has been absolutely TERRIBLE for the U.S. economy, starting with Greenspan, yet after two horrific bubbles that cratered our economy in 2000 and 2008, we have people still believing in their dual mandate.
And I haven't even touched on the Fed's laughable history as a banking regulator. You know guys, the people who were able to see EVERYTHING on the Banks' books and could not discern that we had a problem, nor kept them in check.
I'm extremely confident to know that Bernanke and Queen Yellen will only do further long term damage to the U.S. economy. Moreover, their policies will only exacerbate income inequality and lead to more social problems in the future.
The Fed has goosed asset prices and we all know this game will not last forever. If you think bubbles are great, then the Fed is your friend. We've seen the Fed goose the Telecom/Tech bubble in the late 90's and the housing bubble just a few years ago. We now have a housing and equity bubble together. It's marvelous! The Fed has gotten NOTHING right in regards to their forecasts. They have continually downgraded their own wildly bullish forecasts and have seen their policies stagnate and destroy their own marginal returns.
No one has been a more accurate forecaster than Yellen? Are you flipping kidding me? Holy Schnikes, this is a borderline insane post.
Icahn may be quiet right now with his stake tot he public, but he's likely talking with other activists to form a large enough stake to break the company up. Patience will be rewarded down here. The wash out yesterday and the downgrades by analysts are actually what was needed here. The next shoe to drop will be whether we see a Form 4 filed by Icahn to see his stake raised to 20%
I probably couldn't disagree more with one person than you, whasup.
From your glorifying posts of Zelnick, to somehow being excited that he will likely start making acquisitions, to seeing even more dilution coming from stock based compensation, to thinking the Fed has done anything masterful at all, Good God there is so much fail there!
But good luck as even though I rarely ever agree with you, I do enjoy reading your posts, when you aren't going off the deep end.
when he knew Carl wanted out (and he knew this because of the converts)? Icahn exiting would put a dent in the stock and would allow the company to purchase shares cheaper. Was he looking out for TTWO's or Carl's interests?
"Carl Icahn @Carl_C_Icahn 8 Oct
I'm optimistic their impact at NUAN will be similar to HAIN, where stock went from $20.20 to $79.56 over the 3 years they sat on the board."
It's much more likely he was buying today than selling.
Section (b) clarifies that position. Nonetheless, he can still add another 3% to his position. And with the drop in the stock, I would imagine other activists jumping on board. There may be another 10% filer at some point who can team up with Icahn here.
Not sure why some of you are so hung up o the 12.30 price. He converted those options to shares and purchased the entire lot well above 18.50. He's losing his butt right now.
Last year the annual meeting was in January...so we're talking about only 2 months from now.
Icahn can add another 3% to his position...and in 2 months he can add much more.
That's a great point Ray that I haven't thought of. The next time Zelnick drops a bomb, a lower share count means that someone else can come in here, for even cheaper, and get rid of Zelnick.
He has no options. He bought shares through an intermediary and only paid $12.30 and would pay the remaning balance when he wanted to convert the options to shares. He already did so. He has 16.9% in common.
Of course he's not selling a single share. Only an idiot would think that. He's likely adding here. These washouts are great time to add shares for nice long term gains.
LOL! Yes, Icahn just received 2 board seats a month ago but he is selling for a loss....
I have buy orders set at 13.11.
Icahn bought into TTWO years ago when it dropped nearly 40% in one day. This is a big wash out and guys like Icahn pounce on opportunities like this. I think there is a very good chance Icahn's position touches the 20% threshold set out for his agreement.