the company they say has made significant progress since mike ailman returned as ceo. since then mike has led significant actions to correct the errors of previous management and to return the company to sustainable, profitable growth. they go onto to say mike is the right person to rebuild jcpenney by stabilizing its operations restoring confidence among venders and getting customers back in our stores. finally they conclude the board of directors strongly disagrees with mr. actman and is disappointed that his letter was released to the media at the same time it was sent to the board. >> karen, we should go to you. you actually put a trade on jcpenney while most people or while the stock was soaring in today's session on the back of this news that perhaps actman is pressing for a more rapid ceo search. you actually thought this was bad news. >> i didn't see why that was positive for a few reasons. one, if things are going okay you would think what is the urgency. that was one. the second was the very unusual dynamic of him sending a public letter to the board. this is