14 Quotes by Larry Haverty
- Author Larry Haverty
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Carl fired his biggest guns and the stock is down.
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He's becoming strategically complete. The business is undervalued and the stock is growing.
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What you get with Disney is a low stock valuation on a company that I think will have forward earnings momentum and the strongest balance sheet the company has had in the last five years.
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History shows the poison pill under normal circumstances doesn't benefit shareholders. If the corporation wants a poison pill, it's the shareholders' prerogative to decide that. Not the board of directors.
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Management is not asleep at the switch. Anything you can do to move the needle in that direction is terrific for shareholders.
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Management is doing the right thing. You don't want to change the driver of the horse when the strategy is clearly appropriate.
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When the paper came out and the stock went nowhere, Bruce got a grade from the market for his work. It wasn't a magnum opus.
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Within Time Warner right now, AOL is worth somewhere between $17 billion and $20 billion. But if the advertising business grows nicely over the next two to three years, it could be worth $25 billion to $30 billion.
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What's clear right now is that the market won't reward that.
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