Thursday, February 28, 2013

Herbalife soars on Icahn

Herbalife soars 7.5% today on news that Carl Icahn can boost stock position up to 25% of the company. Icahn also gets to nominate two names for the Herbalife board.

Bill Ackman is not having a good day.

JCPenney: Down Billions

WSJ: "The bill for J.C. Penney Co.'s first year under Chief Executive Ron Johnson is in, and it's about $4.3 billion."

Tuesday, February 26, 2013

CEO Elon Musk :“we’ll do better next quarter – promise.”

Billionaire CEO Elon Musk continues to spill red ink with his Tesla electric car hobby. He recently assured shareholders: “we’ll do better next quarter – promise.”


Monday, February 18, 2013

Facebook pays ZERO corporate taxes and celebrates!

Corporate Welfare Queen? Mark Zuckerberg?

Monday, February 11, 2013

Is Dell Computer worth $24 per share?

Is billionaire computer geek, Michael Dell, acting like a greedy techie billionaire to impress his friends (or for other reasons)?

That's the way it is starting to look with the Dell board approved $13.65 per share buyout with major shareholders calling it greedy and way too little, among other polite words.

Here's a sample:

"This deal is so compellingly unfair to shareholder that I don't know where to begin" - Richard Pzena, CIO, Pzena Investment Management

"This is a hard deal to get done at this price. There will be resistance."  - Don Yacktman, Yacktman Funds

Thursday, February 7, 2013

Suggestions from a billionaire: move!

Jim Rogers, co-founder of the Quantum Fund, speaking before the CFA Society of Atlanta on February 6, 2013:

“I am optimistic about states with natural resources. Georgia is rich in agriculture and I am much more optimistic about it than states like Massachusetts and New York. The world is changing away from finance to producers of real goods. Finance is going to be a very difficult place to be in the next 20 to 30 years. Finance is over.”

“Move to the country. Be a tractor dealer or fertilizer salesman. If that’s not for you, open restaurants where there are farms.”

Wednesday, February 6, 2013

Ravi Jaipuria, Indian Pepsi Billionaire

Pepsi Bottler Ravi Jaipuria Is Newest Indian Billionaire