I haven't kept you all abreast of the drama at Aerojet-- it's massive. Aerojet Rocketdyne Directors issue statement regarding Lichtenstein 08:15 AJRD Eileen Drake, CEO of Aerojet Rocketdyne, Gen. Kevin Chilton, Thomas Corcoran and Gen. Lance Lord issued the following statement: "On April 5, 2022, Mr. Lichtenstein delivered notice to the Company of his filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 disclosing a present good faith intention to acquire between $202 million and $1.0098 billion in company voting securities. The purchase of shares would have resulted in Mr. Lichtenstein owning over 30% of the outstanding shares and being able to effect negative control over the outcome of the next director elections. It was necessary for the Committee to bring litigation in Delaware and have a hearing before the Court for Mr. Lichtenstein and Steel Partners to finally commit not to acquire any stock before the record date. It is unfortunate that Mr. Lichtenstein continues to play games seeking to engage in delay tactics, abusing his position as chairman, while advancing his efforts to take-over Aerojet and thereby deprive stockholders of the ability to elect a new Board of Directors. It's also telling of Mr. Lichtenstein's character that at a Court hearing held this past Tuesday in Delaware his legal counsel argued strenuously that the internal investigation should not have been disclosed by the Committee, and yet in less than 24 hours, Mr. Lichtenstein issued a press release demanding that the investigation be disclosed. He seems to flip-flop on virtually every issue to suit his shifting personal whims on a daily basis intended in our view to advance his singular goal of obtaining control of the company."
Lets Just All Go To The House Of Saka! Vintage Wine Estates' cannabis-infused beverages licensed to House of Saka 08:11 VWE House of Saka.
Your Boot Barn got an upgrade. My filter isnt picking up GDYN for some reason. Now you sent me down a rabbit hole figuring out why.
A great Investor once told me that after waterfall declines the market can act like a bouncing tennis ball. Each successive bounce is lower and then it dribbles out... That investor was me!
War Update- A few days ago I postured that there must be some Ukrainians in Russia or Russians in Russia who are on the Ukrainian side thru family members etc. And now was the time to start hitting Mother Russia at home with bombs... It Has Begun-
MIND GAMES- 50 is the new 25 The Federal reserve is all about mind games. And they have pulled a neat trick over all of us. We have been taught by several Fed heads over the years to expect gradual ad nauseum 25 BP hikes// To Get a 50 raise caused all sort of alarms. Now through messaging and actions we are in a dot plot place of Expecting a persistent stream of 50 being the norm.> 50 in the new 25. And that's really great-that gets us to where we need to go faster and actually gets us there before we have to start rapidly going the other direction! It is a good thing. THIS IS RADIO SAVANT-!