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Elliott Management continues its war of words via a new slide show reiterating all the things to...

Elliott Management continues its war of words via a new slide show reiterating all the things to hate about Hess (HES). There aren't any surprises in the presentation, which says HES has underperformed by 460% over John Hess’ tenure as CEO “due to mismanagement and poor capital allocation." Meanwhile, shares today gained the most of all S&P 500 energy stocks, up 2%.
Comments (2)
  • zorro2828
    , contributor
    Comments (539) | Send Message
     
    I bought today .. this laggard has been the bane of my portfolio as it just wants to go nowhere .. is this the light of the hope which is afoot? I sure hope so.. if they break this beast up perhaps we can get the estimated $100 per share in value that is there into the market not just in my head!
    14 Mar 2013, 04:20 PM Reply Like
  • MWinMD
    , contributor
    Comments (1864) | Send Message
     
    Ah yes. The time-tested way to get someone to follow your sagely advice: badger, insult and deride them day in and day out, and mock everything they are doing.

     

    Somebody please send Elliot Management a copy of Dale Carnegie's old book. Or give them the kindergarten experience they apparently skipped. They may actually be right, but with this approach they are almost assuring Hess will do something rash and stupid in a misguided attempt to "show them".

     

    Long since $40 (average basis 47) but looking forward to getting out of this one before the bottom drops out of oil. Or Elliott Mgt. shoots up the front office in a blind rage.
    14 Mar 2013, 09:20 PM Reply Like
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