Sotheby’s announced in a regulatory filing today that it will slash its dividend to 20 cents a year from 60 cents and cut 5 percent of its global headcount, on top of a 15 percent population restructuring last year. Surely it goes without saying but we’ll do so anyway– we know who’s behind this. Before jumping to conclusions, however, know that this wasn’t done out of maliciousness or even as a ruthless cost cutting measure. Money, in fact, had nothing to do with it. Rather, it’s part of a master plan going under the working title Operation Play Auction House. Slowly but surely everyone everyone will be cleared out and by next year you’ll be able to mosey on up to 72nd and York, press your nose against the glass and behold as you know who will be scurrying around the building playing the roles of security guard, curator, pressed sandwich Nazi, auctioneer and, using various wigs and affecting British accents, five different bidders.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Sacby’s sounds like Arby’s.
this post makes me all the more certain that like Lowly Assistant, I want to follow the Twitter of Bess’s brain.
SC is going to eat you for dinner.
Who fat fingered the Dendreon?
2,
For serious.
In my fantasy world, I’d have access to Thain’s spare bedroom, with the ability to observe Senor Singlet reprimanding Clydefrog for not using garamond 12pt on the pitch. http://dealbreaker.com/2009/04/who-will-give-john-thain-a-job.php
Similarly, seeing the Big Guy canvas the room, leaving white powder from his numerous wigs hanging in the air like smog in LA is quite appealing.
God bless this twisted site.
DNDN is halted, i woudnt assume a FF situation
@6 – did you see the move in DNDN at 13:25?
The headline on Bloomberg:
“Nasdaq Investigates Dendreon Trades for Possible Broker Error.”
It is not clear from the Nasdaq email if the review was exchange-initiated or if someone filed a Clearly Erroneous report.
Credit Suisse is still prestigious.
hmm very odd. there were seemingly lots of different prints at those levels though.
*NASDAQ SAYS IT WILL LET STAND DENDREON TRADES UNDER REVIEW
-6
dndn – halted for the rest of the day because of the suspicious trade. that’s going to give some people ulcers overnight.
@9 – Yes, very odd, I guess it wasn’t a fat-finger. Maybe someone just decided to trigger all of the stops that were sitting there in case the Provenge news was bad?
Still $24.15 to $7.50 in 2 minutes is quite the move…
anybody have any thoughts? some holders of this are bugging the shit out of me
I sure hope Steve C. appreciated it b/c “It shall be called Sacby’s” might be my favorite tag ever.
That photo is disgusting!
@14- do you even know what it is, cocksucker? if you did you’d know it’s breathtaking.
Breathtaking, indeed. That collar is like an egret (no play towards israel) descending from the bluest waters of tranquility. Steve teases.
Steve’s polo v. blazer is pure poetry.
GDtYxG Really appreciate you sharing this article post.Thanks Again. Cool.