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Is It Time For Jefferies CEO Dick Handler To Put His Money Where His Mouth Is And Buy Jefferies Stock?
Last night Jefferies went on a full out media PR blitz in which the firm's CEO Richard Handler told Bloomberg that he "sees the turmoil easing soon" - he will most certainly be right, one way or another. Handler defended his firm's status after Zero Hedge pointed out that its bonds had tumbled to record lows: "It is not surprising that our bonds are under pressure after the assault on our company over the past two weeks,” Handler said yesterday in an e-mail. “Some bond investors sell first and ask questions later. We expect the market to return to normal pricing once we move beyond the ripple effect of the inaccuracies others have recently disseminated and once investors digest all the information” that Jefferies disclosed. Shares of the New York-based firm fell yesterday to close at their lowest since March 2009 and its bonds traded with junk- like yields that were double the level of mid-August. Jefferies came under pressure from short sellers after MF Global’s $6.3 billion bet on European debt led to an Oct. 31 bankruptcy and spurred scrutiny of similar stakes at financial firms. Handler countered by detailing his firm’s European holdings and later cutting the positions by half. Still, the yield on some Jefferies debt hovers near 10 percent and analysts questioned whether the firm needs a more stable funding model. “We have no need to access the debt markets at this time,” Handler, 50, said in a Nov. 15 interview at Jefferies’s headquarters in Manhattan. “By the time we might consider it again, we think yields will be back in a reasonable range.” Maybe, maybe not. Unfortunately, today it is equity investors who are selling first and asking questions later, and at last check have sent the firm's stock to the lowest price since March 2009, last trading at $9.60, down over 7% for the day. Which is why ask: after back on September 22 Dick Handler sold 2 million shares of his stock to Leucadia at a gross proceeds of about $25 million, it is perhaps time he actually put his money where his mouth is and instead of selling, buy some JEF for a change?
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He he, he said, "Dick Handler."
LOL. Certified douchebag name.
Maybe he will hire the attorney, Jack Knouff?
Major PM shakedown.
Is JPig going MF Global? That would explain the paper PM selling frenzy.
ahmeexnal, seems more like european fear....of no printing........
Dick Handler is putting his mouth where his name is
Brother of producer Dick Wolf
http://en.wikipedia.org/wiki/Dick_Wolf
There once was a prick named Dick
His portfolio would make anyone sick
He pretends nothing's wrong
During the company's swan song
Golden parachutes make him not care a lick
one of the best porn names in the Industry....
what a motley group of motherfuckers we have for oligarchs
Jack Meoff & Associates.
Somewhere at a Manhattan fine dining establishment (geared towards the douchebaggery crowd of financial engineers that give us fine products such as unicorn dot.com valuations, toxic sludge MBS bundles with investment grade ratings, electricity prices out west based on mark-to-methamphetamine&schizophrenia models & the very best job creation and GDP growing product of all time; hundreds of trillions in derivative bets backstopped by an unknowing taxpayer public):
-And scene-
Dick Handler remains seated and tries to act all inconspicuous, literally praying that no one who knows him can see him, as he sinks lower into his chair, involuntarily turns beet red at the table where he has just ordered an appetizer and drink, and continues ignoring the page.
At another table in the very same establishment, an example of said aforementioned douchebaggery returns to his table after making a trip to the bathroom & loudly announces: "Hey, I just came across Dick Handler in the restroom."
I wonder if one glanced does he take a wide stance?
Damn you "beat" me to it! Nice name Dick.
must have been a love child
nope, that's a hate child. would anyone that loves their child call him that?
"Boy named Sue" syndrome.
Classic...someone HAD to say it...good job.
Truly beavis adn butthead....good shit.
He won't because he knows that Jefferies is on the chopping block.
Oh My God!
He's really called "Dick Handler"???
How appropriate.
It's a fucking pantomime. I'm increasingly of the opinion that reality is a simulation and the operator is just trying to see how far it can be pushed before it becomes obvious to everyone.
"Thanks Mom and Dad, you fucking assholes"
that's where Daddy thought he was when Dick was created.
He should run for president, at least then we'd know what we were getting
These effin vodka ads are out of control.
You need to stop buying booze online and they'll go away. You alcoholic you...
Put some Effen vodka in your mouth! I need a effen Dick Handler tonight!
Dick Handler hoping for a happy ending.
Or an end that goes away happy.
If "Handy Dick" is talking out of his ass, then, yeah, I say he put his money where his mouth is.
“Some bond investors sell first and ask questions later."
Well, at least they are selling first and not shooting first.
Maybe Bruce Berkowitz should pitch in and help too. He'll be able to kill 2 birds with 1 stone. LMAO!
Sorry, a little OT, but is it just me or do things feel a little flash crashy this afternoon?
I dunno, but WTF is up with PMs today???
Looks like they're leading the way down...
OpEx.
Gold investors are shooting first, asking questions later
Along with everyone else.
First thing if you're named "Dick Handler" is to deed poll it to "John Thomas"
Or "John Handcock".
"Debt the only thing still made in America"
“Some bond investors sell first and ask questions later."
Yep, how do you insure capital that you have invested in bonds when CDS will not pay out ? You sell the bond.
VXX just went vertical, along with TLT and UUP
ROBO I own vxx and the last time you mentioned it it went down 20 dollars. Don't jinx me, darn it.
congratulations 'tard. your brilliant analysis last night was correct when you said that stocks and gold were gonna up unless they go down.
robottrader: lowering the bar ever day through exaggeration and cliche.
A tautology is a statement that is true in all contexts, hence meaningless.
You hear them a lot.
The stock market should go up from here unless we see a correction.
Sometimes tautologies are hard to spot.
exactly. you said it better than me.
wtf happening? Why I am suddenly making money?
We'll file this little ditty under the "fool me once.." category.
Buying $JEF at .01.
So pretty.
What rumor is causing the market to crash?
Reality causes the market to crash, rumors ramp it up.
I agree, Money Handler should definitely put his Dick where his mouth is!
Then again, he probably doesn't have the balls to put his money where his dick is,
DJ CEO Handler Bought 61,231 Jefferies Shares On Nov. 15-FilingGood timing Tyler!
So 2,000,000 - 61,231 = what again?
1,938,769 but please do go on...
I meant it as a positive. Shows that even though he is buying he is still net -1.939MM...
So yeah, not only is their CEO named Dick Handler, but they also have a prominent board member named I.M. Cumming. No joke, the directory is here:
http://www.jefferies.com/cositemgr.pl/html/OurFirm/CorporateInfo/OurLeaders/index.shtml
I now a few guys looking for a job that might fit in there; Harry Kuntz, Jack Hoffman, and Willie Stroker.. I'll let them know.
Oh.. and a guy from the middle east, Anas Bhutrahm is looking for something in I.T..
What year did he graduate from Penn State?
-x-quant
His parents could not be sure their pride and joy would grow up and choose a career on Wall Street or in politics, providing him the legal immunities he would need to be a successful oligarch.
His name was given to create an incentive for him to stay out of prison.
About 20 years ago I had a pee pee problem. The urologists name was Richard Handler... no joke.
at least his career choice made sense...
Wouldnt be surprised to see his 2nd-in-command is Ben Dover - or, for that matter, Phil McCracken..
try as I might I just can't take this seriously...call me juvenile but I can't get past this guys name.
absolutely perfect for a bankster, and to make it even better he's selling his own stock in his own company.
sorry Dick, but you can't be a pimp and a prostitute too...
you can call him dick for short but not for long..............
That's Richard to you.
Dick Handler = Sandusky
Seriously parents? Dick Handler? Isn't there something in the bill of rights about cruel and unusual punishment? I come from a dynasty with a culture of parental naming abuse.
I believe that as an insider he really can't purchase stock at this time without being subject to disgorgement of profit under the short swing rules. the filing referred to above about a purchase on 11/15 appears to be dividend reinvestment under a deferred comp plan. JEF paid a dividend on 11/15.
the criminal can buy his own bonds and then wipe his ass with them
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