Michael Brush, MSN Money
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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)
We're joined by Michael brush and Michael recently wrote an article though JC Penney Michael are you doing if. Any carrier it's about to your taxes -- right. Well not wanted to talked about JC penny has this is a stock that's. Gone up in value despite some pretty bad sales results. And I'm I'm curious as to how how does that happen JC Penney had trading up 88 cents a share a 2483. And I get their same store sales are way down might -- the company seems to be suffering from a pretty big leadership void. Well. You know I think this is start that's been bouncing around because you know in the midst of that future. Transition break so. I guess as more people buy into this story and believe it you'll see the stock. Going up we originally heard about it weeks ago it was -- surround 28. Upper twenties and I sit by it. Think it's divided 23 article correctly and that so far been pretty obviously well Laura that it went down tripping nineteen right. Yes I know and his those nineteen units currently almost 25 dollars a share. Yes some so my original call was -- purple back to kind of below twenty -- -- it did go there and nobody got lower. Did you know the question is there I mean they're gonna miserable all -- the question is will you know will work well consumers buy it and death. But you know I don't know I mean there's a pretty Smart people involved very demanding -- but the other hand they're you know they're conservation surgery it's a company. Do you think he because the fellow that's running the company now it is really a formal apple executive and and he is. Not credited with much of the success related to apple stores is that a transferable skill. Well being. I don't know that I given so much credit I think apple did well because apple and I think anybody you know. I have a doubt in my column saying you could -- -- -- out of homeless shelters and there would have been monster on the block format you know I think that's I think that's kind of true you know so. I'm not sure he's a Smart guy generally take anywhere from but I think I think they over played at a little bit when they when they put that in or slide deck -- you know he. He was great success that apple and apple stores are quote no question about it and they are they are different. But I really think that would that would speak to keep jobs -- got to speak out respect to debate these products that are wonderful. The off the day I agree with you -- -- V do products and sell themselves because. They also sell very well. At a best buy store who were or anywhere else they can buy apple cart so. So what do you think it what's the future of the company for JC Penney a buyer the stock long term. Well I think just stick to my original. You know idea which course in -- in the low twenties -- I think it -- show -- story editor. You know there. It's a blessing to do -- makes sense to assemble we're gonna make. Take more than -- Malik conceded we get more sales per square foot when -- breakdown stores -- put in you know -- margin. Our profile chops but yeah. But the other hand we're we have ball straight whether we need more malls are one how does that make sense that they're just they're moving so far away from. You know they're the core concept and upper crust made a big transition. I think ultimately could work you know but I think it's I think it's kind of a gamble. -- married while Michael thank you very mature time would it. Is curiously in June and David Diaz or shopping mall site I I can't tell you last time I went to. The Natick mall or you know I might go to an individual store like yesterday I went to BJ's. But I do I I can't tell you last time with the Natick mall and I I I usually have the Burlington mall when I get to Macy's. And I'm not. You know. Advocating -- at a Macy's might get to Macy's at they have everything that I need so I don't go any further you know sometimes if they get me with some of the sales so what do you do beat -- Marty shop on -- course inaugural ball you don't make sure Sierra looks on -- you know. The pit bulls and I think most guys hate. How mall I don't why why golf but it I go and I rejoice -- they -- does that count is going to a mall knows that's like it's right around the corner not specifically us it's like -- -- But I can tell your argument as your your argument -- saying you buy everything on lines you don't go to the store so I go to JC Penney dot com but. You now you're saying something's important you like a -- to you go actually came to a store and see -- of the things that are important you think you go to actually see the items. But a lot of people go to go to the mall and they just walk around especially now wintertime they'll never denied an editor. Now it's -- it's -- -- -- -- -- -- -- is -- -- this -- -- they don't you guys don't like it now we've got some text questions regarding forward -- a laundry and get to those next stay with us this is defiant financial exchange.
