RE:RE:Mittlemen 52 Week Portfolio Performance..Horrible Are either of you able to provide mithaqs performance over that same time period and the long term? I ask for the following reasons:
#1 I personally believe IGT and Cineplex are astoundingly cheap.
#2 Mittlemans historical performance coming out of bear markets is absolutely extraordinary.
#3 I think the catastrophe that is Revlon may still possibly produce an outstanding return from current levels. That industry typically values firms at 2x estimated sales, which is 4.5b. With less than 4.0 bil in net debt, there should be a fully recovery for that equity. That is, unless something underhanded and/or patently unfair occurs during the chap 11 process.
All I want is what will immediately produce the maximum upside in share price. I don't care who is running it, but removing Mitteman at this moment seems very ill timed and only makes sense if you can document up front that Mithaq has a history of doing better in these moments. Thank you.