[Many hedge funds do not have a public relations operation geared toward answering such questions raised by outsiders. Would Mr. Cooperman have taken a call about Mr. Israel's credentials from a prospective investor in the Bayou funds?] I can't answer that, ... If somebody calls me for a reference check, I will respond factually and appropriately. But certain firms are very cautious about talking about former employees. |
Half the stocks I picked are up and half of them are down. |
I can't answer that. If somebody calls me for a reference check, I will respond factually and appropriately. But certain firms are very cautious about talking about former employees. |
If you had raised guidance, the stock would have gone up. Reality is that you are not delivering the earnings. |
In our own case, I think that the highest in the last three or four years, we have been roughly $3 of assets per dollar of equity, |
In weak market environments, the stock trades at a discount to the parts. The move to realize value is not unique to Tyco. |
This board of directors has been totally asleep, |
We never invested in Sam Israel's hedge fund nor did one trade with his securities company. |
What they're doing has happened throughout history. It's the natural life cycle of a conglomerate. |