What's clear right now is that the market won't reward that.
More Quotes from Larry Haverty:
Things that needed to get done, the management has done.Larry Haverty
What you get with Disney is a low stock valuation on a company that I think will have forward earnings momentum and the strongest balance sheet the company has had in the last five years.
Larry Haverty
I'm not sure that in this case he brings a whole lot to the party. The businesses are not mismanaged. There's not an awful lot to fix. We are very happy to see Icahn stirring the pot, but the way things are going and the way this company is being managed, it's a day late and a dollar short. The things that are being done to fix the stock have already been done. I don't think anybody can have any qualms, as a shareholder, with Dick Parsons.
Larry Haverty
Within Time Warner right now, AOL is worth somewhere between 17 billion and 20 billion. But if the advertising business grows nicely over the next two to three years, it could be worth 25 billion to 30 billion.
Larry Haverty
The stock action here is telling you everything you need to say.
Larry Haverty
Management is doing the right thing. You don't want to change the driver of the horse when the strategy is clearly appropriate.
Larry Haverty
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