Deb Borchardt, TheStreet.com, on some new IPOs
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Tami Luhby, CNN MoneyTami Luhby, CNN Money
out there. All my family is out and Antarctica there in -- hockey players all these Bruins players that you love -- -- where you think they're from either from you figure from Massachusetts. What -- -- the American players on the crossed amber is here now so why. Why did you leave. My dad a transfer okay Kampman you'd still be their -- guys that are not facts you'd go back tomorrow -- if you. The problem is I'm not a good enough occupier he it to be. Saskatchewan. Produces more hockey players per capita than any other place in the world to -- a -- paid attention the past couple weeks. But supposedly the number one hockey player in the world it turns out. He's not that Iraqi player you know he is that it is just that the other Canadian playing against -- is a better player. -- birdie is a better player than Sidney Crosby . When he doing and you look at the game of hockey -- get ready looks at the offensive side of hockey chemicals that yet now it's a two -- game you gotta be of the play defense Sidney Crosby can't play defense he sucks and the defense he's he's he's a wimp. And he doesn't play. That's an uncle Chris Chelios . Give me a belt made him but he running each. Is. Like rich rich this is embarrassing to to stop that knowing that Jack and Roenick now. Wage on the island -- got your -- -- these. Players I sound yet I've actually her -- The hall of famers I mean it the best like Bobby or he's from Canada and -- now he's from Saskatchewan. Wayne Gretzky he's from -- In isolating it like that's your national sport that you didn't see any baseball players made it in the -
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
right now are taking a look at the waterfront -- the new real estate option. Then moving to a different officers bank put you know they want to establish -- -- exciting new abandoned building and so. The seaports and interest and opportunity that drawing a lot of companies trying to. Why I think I like the financial district to that what's the big attraction of the seaport area you name it may be a mess it's. Poll. It's cheap and it's that's the main thing is that you know right up there looking around at look at okay -- and I moved to and another office building downtown and I stay put. You know that the currently rate or should I mean he moved to the seaport there's a -
Shawn Kravetz, Esplanade Capital
Shawn Kravetz, Esplanade Capital
been and then. We'd like to buy the whole company and then negotiated transaction . Do you own any shares in the company now. We do we heard the second largest outside shareholder. The family owns roughly 90%. Of this company. DE Shaw. Very very large hedge fund in New York City is the largest outside shareholder and we are number two. Why panel why they're why they hesitating to solitude they must feel that the shares are worth Maurizio I think I can conclude. Well. I don't wanna speak for them but I suspect you're right on the money. They had no idea that and they know there's a lot of value there. And I guess they're confident that someday they will get that we would like to help shareholders get that values sooner rather than later. Because. We thought the assets -- well. You made the statement that you feel the -
What's Up On Wall Street - Andy Cinko, Bloomberg News
What's Up On Wall Street - Andy Cinko, Bloomberg News
we asked a question of the day which had to do with Social Security And collect your Social Security for retirement age or are you going to collect literally. 73%. Of Americans collect their Social Security early in the vast majority of cases I think that's a mistake but people do it for any reasons. When I came up with June and I think is a good idea for us to talk about is you know we're sitting here and and and acting all high and mighty. As it relates to this discussion about Social Security in the back the matter is we have access to tremendous resources on this topic whether the courts are now ski. Who worked for the departments of security for 37 years or whether it's Chris Farrell was a reporter for Bloomberg we have access to a lot of data. What I would like to do is make this information on Social Security Tips to maximizing -- worst Social Security benefits I'd like to make it available to our listening. I think it's they I think it's important. You know people refer to it I think some 97 -- as areas of securities of Ponzi scheme this. I disagree with you respectfully -- disagree with you but you know -- more importantly. Please educate yourself on Social Security Call this phone number it's 508591. 5444. Asked for the guide about Social Security tell the I would pay -- wanna learn more about Social Security Barry seems to know a lot you know why I read a -- I studied this stuff every day it's what I do for a living. 5085915444. Is the number you should call. Call them. Tell -- you're listening to the financial exchange and you want to learn more about how he can maximize your benefits. Out of Social Security I think you'll be glad you made the call I know I was glad when I read the report on Social Security Maybe a more informed consumer. 5085915444. Up next Sean Kravitz he's the president of a hedge fund. That has been trying for
Automatically Generated Transcript (may not be 100% accurate)
It's related coffee cart yet. They'll let you know what when you hear Will Ferrell he's going to be the fifteenth -- an 80882052263. And move get you that coffee card on that beautiful summer day have a question for what do you think about Attorney General Martha Coakley she recommended yesterday. That the state of Massachusetts. Buying and start nine point seven million dollars for failing to respond adequately. Damage caused by too severe storms last year. Tropical storm Irene in a rare October snowstorm that we owned he had lost power. Yeah a lot of people for both the ones that lost to prop black one to two weeks but why with. State fine and start and a money if you if you and -- them money should go to state the people that are customers come another China can say that they didn't respond. In kind and they didn't have enough workers and they had to bring them in from Michigan we have to wait a week for the -- don't give them money to the bow look at the money that's why would you give the statement. Because you and I lost their power that part they are out fine with the idea that it if there's nine point seven million dollars to be you know. Give it to the people who suffered through that hour of the same person that -- that I think actually it is I think actually get all new I think -- I Atwater. I would nearly -- -- it was -- that week it was this way it's just well yeah I had to live off the land I did it on your farm acted. -- that I write my horse to work. You like to ride your Prius to work know a little bit slower than usual he couldn't put guess not -- Is going to work where did it go to step Porsche from the street direct copies knock it off and you -- earlier -- it -- -- Debt or -- from the street back out and talk to us about initial public offerings also known as IPOs that will show great. I'm -- pretty good today. So got a couple IPOs coming up do it. We do we have 1 that got pregnant morning and it actually go off as well they had hoped to right. It was blue and Brandon you will modem. By the name vocal rather doubt that they count. You get it I guess at the moment and you want Obama. Actions. So houses Stockton. Yeah well. You know what it didn't like at that price below what they plan and they had to come now you are here that it definitely is not what you want and he. You know but the problem but that -- deal is that. The company is left with a lot of that even -- going public. They happen and issues you know it's you know with commodity cost a lot of the food prices went -- they raise prices to the current camera. And it like that regarding at the beginning people were willing to pay a higher price that but now. I think the consumer and kind of thing you know I'm gonna wanna spend that much I go up a and -- then we might that there struggling a little bit. Oh win that yeah we didn't have some other companies go public lately they'll print because you leave that out of your mind that you -- -- contain. And who. Some of them have done okay but when we're starting to believe right now little bit of -- pull back and somebody threatening McDonnell. You know what their earnings and they and they weren't as good. That people had hoped the no we got that happening and we have another. Companies typically publicly at this week that it would be to date he. They're better known as the home party and called game -- Which went parties and what else -- king -- You get more help for -- our. If I'm not familiar with with the with Allen blew out. The only way. So is is it just that -- investors don't like IPO's anymore -- he has used to be hot that you buy an IPO ten -- go to twenty the same day. You know big to -- -- IPOs -- had a couple that were pre trial last week. But they're starting to happen what kind of -- in the beginning of the year. The restaurant named were doing really well on the market and that that in can do all -- the restaurant IPOs. Now is inflicting them read a little bit will be much but the particular. About the company and I think -- all the things that is what you could call the post and -- book world right here is you know before they -- -- kind of felt like everything was good an abiding IPOs. Now people are really -- a microscope and drilling down on them and and making sure that. But it got. Your act together before you're willing to put your money into them. Not wrong in the cash out of Willy -- anymore and I think you're right I think right FaceBook. Story goes a long way adding a lot of people feel like they got deceived -- now what we're seeing your reports coming out about FaceBook now. Unity they lied about the number of the people users that they had it -- the inflated the number by what 10% Seneca. You know late period there -- a lot of talk about that and and people are very. -- about that that you can imagine. So how much longer to the IPO market comes back when companies -- cut because I remember. Back in the ninety's dead in the -- have 2030 companies a week going public now you have 2030 companies a year -- public. Right right and you know right now we're hitting the and -- body that did you know we don't even have anything scheduled for next week. -- start to come back in the fall probably October November again a lot of it depends on how the broader market doesn't -- far broader market compared to come back. Then -- be then -- then people it is that ecological that you don't have a lot of people don't want let me get. One of -- IPO. When the market not doing well irregardless of how that -- docket giving -- the Mark Shuttleworth but the thing to do it but it. -- you know we were talking about they look at and help people feel like they were and that let. Leaned and actually than the ticket a lot to do right now because they are learning that Dana. Knew it have a problem and did not good because then as well as far as -- you know it users and people wanting to fight the game yet and that there -- people -- -- backlash and bingo hall now. The do you think they'll be a lawsuit shareholder lawsuit against FaceBook eventually I just think it has happened. I mean you know I think it I don't think we will yet because they do have. Active users growing. Up calling fairy. Strongly it is not mean that that. Bringing the growth that you all wore pink -- a lot of -- elbow felt like they needed to go public with it did was because they knew all. Things are starting to use a slowed down a little -- and they wanted to get out before. Things really asserted that slowdown. It death by -- -- -- did you track that Dunkin' Donuts IPO member of that because about a year ago was capped. That that actually he let it go off that twenty bucks a share. I I don't political outlet but -- lot of good things -- the that they get that that would happen problem. On it they did did I it was a big big deal and the problem what Duncan unless they came -- And immediately likely that agreement dated secondary offering and -- although there are other people that get get in the beginning. Really got here that -- bank because although not that they didn't again -- lot -- the market with the secondary operate right away. And and the stock was down now it -- hopper and actually getting to come back. But yet they also had there was there was definitely something questionable things with the company when they first went public. It would I didn't like about it was they are using all the money to pay off the private equity guys that that were owed money right it was basically a little payback for that IPO money. Sort of situations where unloved company I love the product I was crazy about stock at the time. And I think you're going to be would be pretty later that week -- -- that the hamburger a party you. It is that bail out for Apollo. Apollo management. But the company and behave themselves immediately they'd take that the company over they've paid envelope immediately. A 190 million dollar. And now the company had these huge debt payment now that product back in the public now. I don't think that -- you pointed to all that well especially -- looking Brandon. Pulled back the morning tell. I had and didn't weekly might not even go -- -- -- you know there's better things MacDonald look better Whitney looks better than we committee. And Dunkin' Donuts I'm looking at their stock right now dead priced earnings ratio of Dunkin' Donuts seventy to one. That's you know victory has -- hundred. I have the patent copyright and. But that thank you very much for joining us I sure appreciate. Yeah -- -- or sharp from thestreet.com and. You know that's the problem a lot of these IPOs that distinct that you look at the deals you read the papers on him and you say so why wouldn't -- it. Waste of time visibly with what you got going on is these big hedge funds and private equity supposedly at -- And they're basically hoping that the general public will take them out at a high price -- get -- get clobbered in what did you general public's smarter. Yeah you know life. That was the planet that that he's got to -- they will be right back and will give you a preview of tomorrow show. And will also have the stock market update for you before we come back.
