Seeking Alpha

"Buy on the lawsuit, sell on the CNBC appearance," writes Josh Brown, riffing on the...

"Buy on the lawsuit, sell on the CNBC appearance," writes Josh Brown, riffing on the Ackman/Icahn feud, not to mention David Einhorn loading up on Apple just ahead of bringing action against the company. Forget fundamentals, JCP (off 4.7% premarket) will now trade as a proxy for Pershing Square's solvency. Morgan Stanley gets a 15-yard penalty for piling on, this morning slashing its JCP estimates. HLF +18% premarket.
Comments (3)
  • Josh Brown calls this the P/E ratio - Price/Ego
    15 Feb 2013, 09:10 AM Reply Like
  • It is an ego trade....pretty disgusting now
    15 Feb 2013, 09:13 AM Reply Like
  • Two vampires are in full force. Blood is all over the street. Both vampires will win, only losers will be speculators on HLF based on this war.
    15 Feb 2013, 09:23 AM Reply Like
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