11-19-2013, 01:55 AM
As expected the new rhetoric has begun on valuation; "current valuation likely has very good deals priced in." "Likely a sell the news event when deals are announced"........
No doubt part of MS's job in this is keeping management informed of both the old arguments and the new that will emerge. The way for Dr Mike to address this will be like he did last Tuesday; fully head on with real value in the deals. He won't be opaque IMHO. Shorts should learn from last week when they were surprised by the $250 million exploration loan and realize that Hession knows the game very well.
No doubt part of MS's job in this is keeping management informed of both the old arguments and the new that will emerge. The way for Dr Mike to address this will be like he did last Tuesday; fully head on with real value in the deals. He won't be opaque IMHO. Shorts should learn from last week when they were surprised by the $250 million exploration loan and realize that Hession knows the game very well.