Jeffrey's Feed
Aug 27, 2013

Industrialist hat suits Bill Ackman better

(The authors are Reuters Breakingviews columnists. The opinions
expressed are their own.)

By Christopher Swann and Jeffrey Goldfarb

NEW YORK, Aug 27 (Reuters Breakingviews) – Industrialist
Bill Ackman is more persuasive than shopkeeper Bill Ackman. The
uppity investor’s exit this week from a disastrous investment in
J.C. Penney (JCP.N: Quote, Profile, Research) underscores that retail just isn’t his
thing. A big bet on $22 billion Air Products and Chemicals
(APD.N: Quote, Profile, Research) represents a second foray into heavier production for
the Pershing Square Capital Management founder, after Canadian
Pacific (CP.TO: Quote, Profile, Research). As at the railway, better management could go a
long way at the gas producer.

Aug 16, 2013
via Breakingviews

Review: Biopic reveals Steve’s jobs not Steve Jobs

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By Jeffrey Goldfarb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

A movie about Steve Jobs ought to embody the bold and visionary spirit of its subject. Ashton Kutcher does his best impersonation of the Apple founder, but that’s about as inspired as “Jobs” really gets.

Aug 15, 2013
via Breakingviews

Maybe Twitter should Google its IPO

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By Jeffry Goldfarb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Maybe Twitter should Google its initial public offering. Instead of a typical share sale, the internet search giant catered to individual investors with what’s known as a modified Dutch auction. Though flawed, the unconventional approach is worth consideration by Twitter and its boss Dick Costolo as anticipation builds for the $10 billion social network to go public.

Aug 5, 2013
via Breakingviews

Disney magic hasn’t exactly worked on Pixar

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By Jeffrey Goldfarb and Grace Dai
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

 

 

Walt Disney boss Bob Iger has another Pixar hit on his hands. “Monsters University” should provide an eighth consecutive animated lift to Disney’s bottom line when it reports quarterly results on Tuesday. The upcoming “Planes,” derived from Pixar’s “Cars,” is bound to be a success, too. But a Breakingviews analysis suggests the studio’s value to the Magic Kingdom falls short of the $7.4 billion purchase price. High-priced deals for Marvel and Lucasfilm may also disappoint investors in the long term.

Jul 18, 2013
via Breakingviews

Dell shareholders get time to come to their senses

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By Jeffrey Goldfarb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Dell shareholders have been granted time to come to their senses. With the vote on a $24.4 billion sale too close to call, the PC maker on Thursday put off the decision for a week. Either the hope of a sweetened bid from Michael Dell and Silver Lake Partners or Carl Icahn’s eleventh-hour lobbying proved too alluring. Sleeping on the matter a bit longer, though, should make Dell’s hard reality clear.

Jul 12, 2013
via Breakingviews

Fruity American M&A saga may be about to ripen

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By Jeffrey Goldfarb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

An epic American M&A saga may be about to come full circle. Nearly 25 years after it was carved up in a landmark deal, much of fruit group Del Monte could be put back together. Along the way, the U.S. food giant has become an enormous part of Wall Street – and even City of London – lore. It’s practically a textbook unto itself for merger lawyers and bankers.

Jul 10, 2013
via Breakingviews

Tribune politics play into Murdoch’s hands

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By Jeffrey Goldfarb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

It isn’t often that the tarnished Rupert Murdoch finds himself looking anything like a white knight. Tribune Co’s plan to spin off its newspapers seems, though, to put the media mogul squarely in that role.

Jul 10, 2013

Breakingviews- Tribune politics play into Murdoch’s hands

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Jeffrey Goldfarb

NEW YORK, July 10 (Reuters Breakingviews) – It isn’t often
that the tarnished Rupert Murdoch finds himself looking anything
like a white knight. Tribune Co’s (TRBAA.PK: Quote, Profile, Research) plan to spin off
its newspapers seems, though, to put the media mogul squarely in
that role.

Jul 9, 2013
via Breakingviews

Ackman’s new fund is off-Target – in a good way

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By Jeffrey Goldfarb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Bill Ackman’s new fund is off-Target – in a good way. Four years after the hedge fund boss ate humble pie for a bad concentrated bet on the U.S. retail chain, he is seeking $1 billion for another secret single-stock pick. Paying for the privilege to invest blind in a publicly listed company warrants skepticism. But Ackman may have learned from his mistakes.

Jul 9, 2013

Breakingviews- Ackman’s new fund is off-Target – in a good way

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Jeffrey Goldfarb

NEW YORK, July 9 (Reuters Breakingviews) – Bill Ackman’s new
fund is off-Target – in a good way. Four years after the hedge
fund boss ate humble pie for a bad concentrated bet on the U.S.
retail chain, he is seeking $1 billion for another secret
single-stock pick. Paying for the privilege to invest blind in a
publicly listed company warrants skepticism. But Ackman may have
learned from his mistakes.