re: WSJ Europe. coincidence
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Jesse Eisinger-has he fully disclosed?
by: nineteen27yankees 8/9/00 5:49 am
Msg: 31717 of 31778
As longs know, Jesse Eisinger is a former employee of TheStreet.com. The last article I was able to find that he wrote for TheStreet.com was dated December 10, 1999. And guess what .... he quotes David Rocker (anyone surprised?):
..... David Rocker, who runs a short-only hedge fund, says: "The sad thing about the market is that many extremely bright people are having terrible years, while many of those having spectacular years are the borderline irresponsible." .....
thestreet.com
As a former employee of TheStreet.com, I wonder if Eisinger owns options and/or any other stock interest in it, given that TheStreet.com had gone public long before Eisinger began working for the WSJ. Why?
---- Certainly Eisinger knows or should know that Rocker Partners, a hedge fund with about $400 million in assets, owns 4.6% of TheStreet.com. As of March 31, 2000, Rocker Partners owned 1,177,828 shares of TheStreet.com - its third largest institutional investor.
---- Certainly Eisinger knows or should know that for at least the last year and a half Rocker Partners has also maintained a large short position in L&H. Further, as of March 31, 2000, for reasons not fully understood, though there is little doubt those reasons are to hurt the share price of L&H, Rocker Partners also owned 1,125,400 shares of L&H.
---- Certainly Eisinger knows or should know that Rocker Partners with its almost 5% interest in TheStreet.com and that huge short position in L&H obviously wants L&H to be bashed.
---- Certainly Eisinger knows or should know that Marc Cohodes, a partner at Rocker Partners which owns slightly less than 5% of TheStreet.com and maintains a heavy short interest in L&H, regularly promotes TheStreet.com - Cohodes touts TheStreet.com as a good long investment on 'Facts from the other side of the tracks,' a weekly internet radio show which is no more than a self-interested infomercial paid for by Rocker Partners. Additionally, almost weekly for the last year and a half, Cohodes has bashed/attacked/smeared L&H.
---- Certainly, Eisinger knows or should know that he personally stands to gain financially by Rocker Partners touting TheStreet.com on Rocker Partner's internet radio show and by owning over a million shares of TheStreet.com and possibly increasing its long position in it. These acts could increase the share price of TheStreet.com and, of course, Eisinger wants its share price to rise.
So, Eisinger, to my knowledge, has now written three (3) provocatively timed columns about L&H, one denigrating L&H Q4-1999 results, one denigrating L&H Q1-00 results and the latest one accusing L&H of fraud.
Question - does Eisinger have any option/stock interest in TheStreet.com?
If yes, I think he should disclose that interest. If no, ignore all of the above. |
