nelson peltz. if you piggybacked off of peltz, you consistently beat the s&p. why is that? think it's because when nelson peltz takes a substantial position in a company, he treats it if it's his own business. he has 30 years of history making money for all people. figure it bested the s&p by a mile. it was far better than every other money manager i follow, particularly considering it has $9 billion under management. among luiz a worldwide powerhouse with dentine, that's lu, nabisco, nila. my own personal favorite, philly cream cheese, trident, triscuits and wheat thins as undermanaged, not getting the return it should, should get, given the superior breadth of the portfolio and the strength around the globe. i know peltz believes that the company's operating room, right now at about 12%, can rise to 16% with stronger execution. that would be something huge for shareholders. a change that would make it inconceivable that the stock would stay down at that 34 level for long. obviously, the market's either more skeptical or hoping for some sort of different, less-peaceful out

thinking like the nelson peltzs.. what you have to do as manage mts is thinking about those ways. if you look at my balance sheet, which is the best it's been in about a decade, we have the expensive items like the preferred from warren buffett. >> that's where i was going to go. >> look at the things we've been announcing year in, year out since december. the share price performance means it's in the money. you know what, these have been great instruments for us. as we keep doing the things to perform, we don't need to negotiate and pay them at a premium. >> when you talk to warren buffett about that, he says what? >> warren buffett, he is who he is, right? the sage of omaha, all the things he is. he's made a lot of money out of the vert converts. he's happy either way. >> is there a deal in the works. >> very simple, keep performing, get the share price up. >> no deal with him. >> no deal in the works. >> final question, what is going on with this name change? everybody says you want to change the name from dow che

. >> we should all be thinking like the nelson peltz.o your stock and saying here's better ways to get things done, but what you got to be doing as management is thinking about those ways which i believe we at dow have been doing. i want to hone in on a point if you look at something like my balance sheet which the best it's been in about a decade, we've got expensive items like the preferreds from warren buffett. >> the hope is if you see a significant rise in the stock price above $52, for example, that expensive preferred he was mentioning would be converted to common. warren buffett. we'll see what the company's response is, but this is something that's going to take some time to play out. loeb intentionally came with the position after the filing deadline for nominating directors, so there's not going to be any proxy fight in the near-term future at all here. in fact, it would appear to be a position in which he will wait sometime. but then in the belief that other top ten shareholders support his point of view certainly will be app

but you have shareholder basis in family dollar -- nelson peltz, paulson.nd lone pine might not be in there. >> lone pine. >> but you got a lot of names in there. >> dollar tree is a better operator. but i think there's a big question of where the shoppers are and one of the reasons why identii think there's been good movement in the industrial stocks because they have nothing to do with the consumer. meanwhile, rates have paused. what was that thing they were talking about when the fed's done? what was that thing? >> i don't remember. i don't know. it's not coming to me yet. >> ten year in 2.8. what's the best performing group? utilities, the master limited partnerships, the ryr, the real estate trust. and they are doing a great job. it's great read. but where -- what's working isn't supposed to be working. just not. alcoa. >> especially i.t. hardware in some occasions. >> yes, indeed, a good way to get to ibm. >> good segue. >> we're good here. they missed revenue expectations for a fourth quarter in a row. weakening demand for servers and storage equipme

whether it's really worth the bang for the buck, it all depends on what activists investors like nelson peltzdo with their stake in the company. second up is chipotle mexican group. the company has a big forward pe multiple, about 50 times. also had an incredible stock run in 2013. but analysts tell me, look, the company has been producing solid results. since 2005, the restaurant chain has posted average sales growth and traffic numbers keep increasing. whether it's worth that buck in 2014, analysts tell me it's all about execution because this stuff is priced for perfection. last up is constellation, trading again at a premium compared to its peers. so is it really worth the premium? analysts tell me the reason the stock is trading higher is because of its recent acquisition of corona. again, all about execution and what the company will do with its newly minted acquisition. in fact, isi group says if they plan on this well, this could be a $100 stock. back to you. >> all right. >>> ben bernanke scheduled to deliver what could be his swan song today. he's going to speak in philadelphia at 2

you've reached bottling deals in both of those countries in 2011 which nelson peltz has publicly said the frito-lay business from them so you can't get the synergies. what do you say to that? >> i wish people would go in and see how we run those buys businesses. if you look at china, our whole business, the marketing, how we think about the products, all of that is done together. i was in china two months ago. our partner in bertschages, we worked closely together on innovation pipeline, what do we do together with foods and bertschages. the businesses work well together. the reason we franchise the the business in china, thr were ahead of us in a manufacturing and business footprint. what we are deploying is sensible strategies. at the end of the day, the products work together. in fact, china's the only country in the world where the advertising campaign for chinese new year has pepsi, tropicana and lay's in the same commercial. and i think china is an example of better together at its best. >> right. how do you think about this, though? analysts have said this, others have said thi