is the lbo in your view going to happen? >> well, i think the near term is a little bit cloudy with the sector. i think mall traffic's an issue. outlet competition. coach is getting a little bit better with their product. that's something to be cognizant on. they report this week on thursday. our top idea in the space is kate spade. we are cautious on coach as well. so i would say on the long-term perspective we like how we've modeled the lbo. will a leveraged buyout happen? the numbers say it's a compelling deal because i basically do believe that, a, the brand is very healthy and remains very strong and that they can they can continue to achieve 20% operating margins or above and that spits out the free cash flow. whether or not a deal happens it will have to do with the ability to obtain financing, timing and valuation trends. but i do believe management has strong conviction that their internal forecast and how they think the business will run is closer to my lbo model. and i'm also a big positive on the brand equity. as

sampson resources which at the time in 2011 that it was taken private that an lbo by a kkr and others, the largest, lbo, $2.7 $7.2 billion, planning to file for bankruptcy in mid-september, according to the journal. i just spoke to kkr. they're declining to comment so far. but this could be the first in a wave of bankruptcies that we see in the coming six months or a year, melissa, as companies struggle with a cheap flat price for oil and also natural gas in which sampson was a key player. >> walmart, home depot, target, lows, to name a few. what do you expect in this space, given we just got retail sales for june. july was revised higher. >> we have a secular shift that is going on. and i'm not that enthusiastic about the targets and especially the walmarts of the world when you take a look at it. let's look at walmart specifically. here you have a name that is growing, essentially at 1% to 2% in terms of revenues each year. that's less than the economy is growing. in notional terms, it may seem okay. the fact of the matter is they're actually shrinking in real terms. the exact same

sampson resources which at the time in 2011 that it was taken private that an lbo by a kkr and others, the largest, lbo, $2.7 billion, planning to file for braups in mid september according to the "journal." i just spoke to kkr. they're declining to comment so far. but this could be the first in a wave of bankruptcies that we see in the coming six months or a year meshlgsa as companies struggle with its cheap flat price for oil and also natural gas in which samson was a key player. just to go over to hedge fund filings and other money management filings from the second quarter which is newsworthy today and this afternoon, some interesting things with dan loeb just jum ng out at me. he's taken some new stakes in some mobile names including t-mobile with a 6.5 million stake and nokia with a 3 million share stake. loeb also joining a large group of hedgies who seem to be bottom fishing on energy names. i'm thinking of here in this case devon energy, which is a $3.8 million stake in loeb's case now. that's been down about 25% this year but no doubt loeb senses a buying opportunity. there

. >> it wasn't at, as governor both times he publicly repeatedly said i'm not going to raise taxes lbo taxes for the entirety of his term as governor he has not cited single tax increase. he has vetoed more tax increaases than anyone else in american history as far as we can tell. >> now that he has been signed the pledge some people asking how we will finance the transportation trust fund raise the gas tax in order to do so. we have's senator in with us via skype who might be running for governor in the next so election, did you really expect governor christie to pass this >> first while i think the pledge is as trustworthy as his pensions. i would take that with a grain of salt. governor has pledged not to raise is the millionaire tax. he cut homestead rebates, for citizens of new jersey's that raise their taxes. he cut and severely that earned income tax credit for low-income folks, and increase their taxes. so he has already raised taxes in the state of new jersey. yes it does jeopardize the safety of our motorists if we do not have a revenue source, to fix the roads and bridges th

at the time, it didn't seem to make any sense that lbo companies with biotechnology typically, they like to buy companies with very reliable cash flows, and with a tech company you can get blindsided into oblivion by a breakthrough. but they bought us, and they then wanted to bring in their own ceo. when iher interesting -- interviewed mr. rumsfeld for my book, i wanted to do some fact checking with him. it wasssumed that republican party politics that had to do with why he suddenly became the g.i. of general instruments, and he corrected me in his way and said, no, it was the opposite. force and little head of -- forstmann little had a very powerful advisory board, and on bob strauss had been the chairman of the democratic party, and they were quite friendly, and it was him who recommended they bring in donald rumsfeld on the forstmann advisory board. later when they wanted a ceo, he had previously been the ceo of merck, a pharmaceutical giant -- no, not merck. he also had quite a reputation as a ceo in the private sector, even though he had been the youngest secretary of defense before

sam son esources private in lbo by confirm kr and others, largest oil and gas at $7.2 billion planning to file for bankruptcy in mid september according to journal. i just spoke to kkr, declining to comment. could be the first wave of bankruptcy as companies struggle with cheap, flat price for oil and natural gas in which they were a key player. >> thanks. a slew of retailers reporting earnings next week attachment a look at this. walmart, home depot, target, lowe's to name a few, especially given retail sales in july, better than expected. >> retail sales numbers obviously looked pretty good. still, i think we have a secular shift that's going on. i'm not that enthusiastic about the targets and especially the walmarts of the world when take you a look at it. let's look at walmart specifically. here you have a name that's growing essentially at 1 to 2% in terms of revenues each year. that's less than the economy is going. emotional terms it might seem okay. the fact of the matter is they are actually shrinking in real terms. exact same timeframe amazon double digit top line growth. i t

as the game" fan >>grant: gathered to cheer on the raiders this a good buy snapshot and heading to lboam had all walks through schedule saturday. they canceled that. the raiders will be in minnesota to play the vikings preseason affair saturday he. were native to jack del rio. he likes so far. "not done yet but guess it's been very productive. it allows us an environment to be very productive teaching or he on the field." tiger >>grant: woods today throwback thursday the and north carolina. trying to get back to his old ways this looks like a vintage tiger. that on a fourth tiger for under. things used in a mass the birdie putt. the tiger wood mass of. but the throwback thursday. it went in. six under the. 64 lowest round on pga tour since 2013 fifth two strokes behind the leader william. party for the warriors drafted this kid out of ucla. a hip surgery for the six months. the 19 year-old one season ucla average over 11 points. burning cigarette all pastor of honors. clay thompson the having hip surgery but an issue with his mouth. in china promoting his chute. figure used to try some

the question i would have, yes, it sounds good, lbo as it relates to kors but not why a kate spade?industry problem not specific to kors. >> do you like this? >> i would say yes. i look at the cash flow and think it's a great possibility. >> josh, the stock down 7% today. >> this stock has been under for almost two years. under its 50 day since christmas. no indication it's done. if you want to allow for the opportunity or you could watch it dribble down another 10%. clearly the sellers are not through yet. >> it's a fashion stock. >> fashions go in and out and cash flow unlike general electric aren't stainable. the brand erosion and price erosion stops. >> oliver will be on at 5:00 tonight. pete has his eye on something unusual in the office space. stick around to find out what that is. take a look at the sectors right now 9 of 10 are in the red. energy is leading the way down. heart health's important... ...so you may... take an omega-3 supplement... ...but it's the ingredients inside that really matter for heart health. new bayer pro ultra omega-3 has two times the concentration

one thing about sampson, which makes them an unfortunate story for them or kkr, which led their lbo inhas written off that investment as of late last year they're natural gas story and natural gas has been dirt cheap for years now. a lot of our conversation in which jackie was touching on really i mean putting gasoline aside, deals with crude and crude fell out of bed a year ago as we know and there's not a lot of hope in sight. not to take too strong a point of view, there are bulls who feel equally strongly, but very a oversupply issue and seasonal issues. >> that's what makes it interesting if you want to make an analogy to what's happening in oil right now there are no production cuts. maybe that's putting it a little too strongly but we could see an analogy to natural gas where this becomes the new normal this supply. >> and here's the deal. we're entering into a season where refineries jackie mentioned i think she was probably alluding in part to the midwest issue with the bp refinery that has a mechanical problem, probably will be resolved but some refineries will go in repair s

at the time it didn't seem to make any sense that lbo or leveraged buyout companies would buy a technology company because typically they like to buy companies with very reliable cash flows, and with a tech company you can get blindsided into oblivion by a breakthrough. but they bought us. and they then wanted to bring in their own ceo, and it was very interesting. when i interviewed mr. rumsfeld for my book, i wanted to do some fact checking with him. and i had assumed that it was republican party politics that had to do with why he suddenly became the gi of general instrument, and he corrected me in his way and said, no, it was the opposite. what had happened was forceman little had a very powerful advisory board which included henry kissinger and george shultz and also bob strauss who had been the chairman of the democratic party. and he and rumsfeld were, apparently, quite friendly, and it was bob strauss who actually recommended they bring in don rumsfeld to be on forceman little's advisory board. and then later when they wanted a ceo, he had previously been the ceo of merck, a pharma

they've been troubled since 2011 in what at the time was a record setting lbo.ped out or at least will be in a bankruptcy and other investors including gso group are likely not happy about it. they were opposing the plan, reportedly before the announcement. the silver point and an investment company. unsurprisingly samson paper trading at rock bottom. three or four cents according to the unsecured junior bond i was looking at. it's an unfortunate turn for kkr. not a huge shock to them but there's symbolic importance as well. and let's not forget the other record setting lbu that they were a lead participant in also filed for bankruptcy last year. >> to be expected i guess as you said earlier. thank you very much. straight ahead, it is a big week for retail earnings. walmart, target, gap, and american eagle on deck. the former ceo of sears canada will join us. by the time police arrive on a crime scene, they could have little to go on. a vague description. a single piece of evidence. a partial plate number. with an app from ibm, officers can now access over a bil

. >> lbo four times the profit of fet flicks. >> yeah. >> approximately the same number of us subdescribersa month. people don't bother to can sell, they're waiting for the next house of cards or orange is the new black. they don't watch it that much. >> we keep hearing people with netflix are spending two and three hours a day watching. >> i don't buy that. i'm waiting to give in and put advertising on netflix in one form or another. he's got to much the profits up. >> does that matter? are people bothered if they put advertising as a stream? >> there are ways to do it. you don't have to stop the movie in the middle and give a break. this is brought to you the head and tail of the film. but they're making no money and the off balance sheet liabilities for content that haftdings bought for the future. doesn't have to pay for until it airs, there is not a sustainable model there for netflix. >> put the whole land 12k345i7 context. given the broader market selloff. then you put media in there with this seismic clang in terms of thinking in the industry in the past couple weeks about cord cutt