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Feb 16, 2012
02/12
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he's making a bid for cvr energy which has a ticker of cvi, not cvr, okay? >> be careful of the ticker. and by the way, cvr, the company, the ticker, had no trades before the icahn headline. suddenly everybody's interested in chicago machine rivet. >> he's done them a service then. >> he really has. i'm telling you chicago machine rivet folks. >> maybe he'll look at them soon. >> why not. rivets are very riveting. >> yeah. up next, this is not a joke. >> and a popular candy goes on a diet. responsible move for your health or food police running amuck? >> cnbc celebrates black history month. er erny ernie banks became the first chicago cubs player to have his jersey retired. >> everybody would refer to me here's mr. cub. mr. cub this, mr. cub that. >> he was known for his positive attitude and famous quote "what a great day for baseball, let's play two." [ tom ] we invented the turbine business right here in schenectady. without the stuff that we make here, you wouldn't be able to walk in your house and flip on your lights. [ brad ] at ge we build turbines th
he's making a bid for cvr energy which has a ticker of cvi, not cvr, okay? >> be careful of the ticker. and by the way, cvr, the company, the ticker, had no trades before the icahn headline. suddenly everybody's interested in chicago machine rivet. >> he's done them a service then. >> he really has. i'm telling you chicago machine rivet folks. >> maybe he'll look at them soon. >> why not. rivets are very riveting. >> yeah. up next, this is not a joke....
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Feb 14, 2012
02/12
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but they own a majority stake in cvr partners.hey don't have all their eggs in one basket, so to speak. >> but a lot of them are. even with the fertilizer business this is a perfect time so sell it. >> well, they are. they're going to monetize that. >> a very small piece of it. >> it's guy. how are you? >> how are you? >> i'm doing well. happy valentine's day to you. are you suggesting that they should hedge their crack spread exposure? is that what you're suggesting here? >> let me put it this way, guy. i think they're sort of right in saying it's a bit difficult to hedge a big deal when you're a small refinery. what if something goes wrong? what if something blows up at a refinery. and gasoline is way up. you have a real problem. you can't hedge it as much as the large refinery does with asse assets. i think it's worth a lot more to another refinery. risk reward is what we look at. and we believe there's more value if it was sold. that's all we're saying. we're saying put it up for sale. i do think there are a lot of acquires. >
but they own a majority stake in cvr partners.hey don't have all their eggs in one basket, so to speak. >> but a lot of them are. even with the fertilizer business this is a perfect time so sell it. >> well, they are. they're going to monetize that. >> a very small piece of it. >> it's guy. how are you? >> how are you? >> i'm doing well. happy valentine's day to you. are you suggesting that they should hedge their crack spread exposure? is that what you're...
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Feb 16, 2012
02/12
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gentleman carl eye can ups his ante for cvr energy. he pull the trigger and will his bid be enough to woo share holders? find out after this. >>> risk/reward ratio is what we look at. we believe there is a lot more value if it was sold. that is all we are saying. put it up for sale and let the shareholders decide if you want to take the risk off the table. >> that is carl eye can on fast money a couple days ago urging cvr energy to put itself up for sale and eye can himself is making a tender offer for the entire company. certainly we thought that was within the realm of possibility. but at this point, mike khouw, i am curious, you were following the options on cvr when we were talking with carl eye can before, i'm wondering what you are seeing today. >> it is interesting because i have a couple quick thoughts about it. if you take a look at the mean ebidta before you started to see the wti brent spread widen out, withcy really how they are capitalizing right now, they were probably at mean ebidta 230 million, times eight, $2 billion i
gentleman carl eye can ups his ante for cvr energy. he pull the trigger and will his bid be enough to woo share holders? find out after this. >>> risk/reward ratio is what we look at. we believe there is a lot more value if it was sold. that is all we are saying. put it up for sale and let the shareholders decide if you want to take the risk off the table. >> that is carl eye can on fast money a couple days ago urging cvr energy to put itself up for sale and eye can himself is...
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Feb 16, 2012
02/12
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that company's symbol is cvr. they do not have any trades until the icon headlines first broke, believe it or not. >>> technical issues, meanwhile, that's at the reason behind the monday upset of electronic oil trading platform at the cme. among the fastest in the world. and the shutdown after being flooded by a surge of about 12,000 price quotes in just about four minutes,en like the flash crash of may of 2010, no completed trades were broken. what have we learned since then? joining me to talk about that, and a lot more, is cme group executive chairman terry duffy. always wonderful to have you on the program. >> thank you. always appreciate being here. >> have we really seen enough change to the system, you know, from may 6th when we had that upset with the drou, dropping 1,000 points? do we need more to be done? >> i think technology changes each and every day. you look around a place like second market here, what these folks are doing here, trading at lightning speed in different products. technology keeps on
that company's symbol is cvr. they do not have any trades until the icon headlines first broke, believe it or not. >>> technical issues, meanwhile, that's at the reason behind the monday upset of electronic oil trading platform at the cme. among the fastest in the world. and the shutdown after being flooded by a surge of about 12,000 price quotes in just about four minutes,en like the flash crash of may of 2010, no completed trades were broken. what have we learned since then? joining...
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Feb 1, 2012
02/12
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. >> susie: i've@no with ken s@noc rec research a@e saw a big dvc frreomc d2ecembedvr'óas cvr óacv nonsumerssv welusterevels.>> tom: stocks stt drop@ i c 2 dow lost@noc rec gain almose dvóatwcv.regnc s 2tonighdvtóacv. a third st@raightno mc onre all citi@noc rec 2dvnd poor's cr innoc rec 2dvóacv dvóacv erika miller from here.@ noc óacvnooic nsre ac n 2estimaevtev experthalf million.@noc unfortunately for se ounotlc oorek c fo2r th is becoming linongc sreeac so2, @report tracking 20 metrop@noc re reoc rec 2evóand that'sc coevmióangcv off two mon cv october. >> reporter: rec fallen by a third since the 2pricnoesc nreowc s2tand aevt, @problem is t@he vasnoc trec evnonc rec 2evóacvfvóacvakc d2a @the nojoc b remac er@e's anoc a fvóaof lack of confidence inc r2 market rcvany people who do wanbecause they don@'t quano2 housing market can best be st@abiliz it is not likely to surg@noc rev reonc .2 cv>> although homesis, at least stopped goi any material amount anyteporterk ad recovery in home pric consis@tent rnoisc rec es natio@noc rec 2er, "nigh fvreóapocvrt."c om2: the fveróae ho@me modify their
. >> susie: i've@no with ken s@noc rec research a@e saw a big dvc frreomc d2ecembedvr'óas cvr óacv nonsumerssv welusterevels.>> tom: stocks stt drop@ i c 2 dow lost@noc rec gain almose dvóatwcv.regnc s 2tonighdvtóacv. a third st@raightno mc onre all citi@noc rec 2dvnd poor's cr innoc rec 2dvóacv dvóacv erika miller from here.@ noc óacvnooic nsre ac n 2estimaevtev experthalf million.@noc unfortunately for se ounotlc oorek c fo2r th is becoming linongc sreeac so2, @report...
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Feb 16, 2012
02/12
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and really interesting, shares of chicago rivet machine company, ticker cvr, they saw a spike on this midday following this report. the company's not related at all, sheer ticker confusion here. groupon as well up today after announcing it's testing a in you program called groupon vip. the subscription cost $29.99 a year and provides early access to deals as well as deals that closed out or sold out to the regular users. up more than 4% there. back over to you. >> all right. thanks a lot, jackie. of course, you mentioned groupon. we've been looking at huge moves in social media. let's talk more about the second market here where the firm is announcing the launch of a new program to provide shareholders with secondary liquidity. liquidity on the second market. a lot more on that later. we know where the liquidity has been in technology for those companies not yet public. we'll talk about what other tiers we might see trading here in terms of companies that are private. more on that coming up. as far as staff, delivering $8.7 billion in trades last year. the firm has 85,000 market parti
and really interesting, shares of chicago rivet machine company, ticker cvr, they saw a spike on this midday following this report. the company's not related at all, sheer ticker confusion here. groupon as well up today after announcing it's testing a in you program called groupon vip. the subscription cost $29.99 a year and provides early access to deals as well as deals that closed out or sold out to the regular users. up more than 4% there. back over to you. >> all right. thanks a lot,...
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Feb 25, 2012
02/12
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is cvr partners, how is that going to affect me? >> i'm not blessing it. you should be a register ringer. i don't think there's much more money to be made there. and i think there could be a house of pain if you stick around. >> the house of pain. >> come on, man, you've got to get some horse sense and ring the register. let's go to scott in my home state of new jersey, please, scott. >> caller: hey, mr. gps of wall street. boo-yah, cramer. >> well, terrific, as long as you don't mean gap stuart. boo-yah back at you. >> caller: i noticed the cheesecake factory recently has strong earnings and has had consistent earnings over the past two years. i'm concerned that there's no dividend to go with this, only stock buybacks. i've been to this restaurant several times, and it has been packed. what do you think of this stock in. >> i agree with you in terms of the packed nature of the place. particularly -- you know what? they have a low-fat -- i know it sounds like cheesecake has a diet menu. but they do. it's not an oxymoron. however, th
is cvr partners, how is that going to affect me? >> i'm not blessing it. you should be a register ringer. i don't think there's much more money to be made there. and i think there could be a house of pain if you stick around. >> the house of pain. >> come on, man, you've got to get some horse sense and ring the register. let's go to scott in my home state of new jersey, please, scott. >> caller: hey, mr. gps of wall street. boo-yah, cramer. >> well, terrific, as...