spectrum. andat synergy in the deal. mr. sun, very few in the media area more accomplished than him. so, you know, these are just two terrific guys. you know, we’ll just have to wait and see how it plays out. the point being, i guess you make it quite clearly, is being an investor in the stock with a large position. you do well under that scenario that — — a bump, but i think the future of the company with either owner is sufficiently attract in. we’ll get some money back in cash and the rest, we’ll let ride. i asked you earlier whether it was type to get more i meant really from a sector standpoint. start to play some of those sectors that maybe haven’t done quite as well. you like energy. we talk a lot about energy on this program. lynn energy, transocean. talk to me about those companies. transocean is an example of really ultradeep market. very, very strong. this company could easily earn 7 bucks in two years. stocks trading 53, 54. we got involved in the 40s. like the icon. over them to do more. i think what he’s looking for is not major change. we think the value of the sleet’s over 70. replacement cost of the fleet. stock’s 52. earning a couple years from now $7 a share. we think’s attractive. by and large, the market’s very rotational. i think the bigger issue is, you know, what’s the outlook for risk assets. i think what’s happening is the fed is succeeding in pushing everybody out of the risk curve. i have an investor who will go nameless. terrific guy. my partner at goldman sachs. intellectually lazy. all his money was kept in t bills. this is gary. so the guy that b t-bills says i’ve moving into t-bonds. the guy who bought t-bonds, the gal who bought t-bonds moved into industrialcredits. the credit credit person moved into high yield. the high-yield person moved into destruction credit. now they’re increasingly moving into equities. the wall street journal has had a couple articles in the last two months saying bond funds have put as much as 25% of their money into equities. this is exactly what the fed wanted. remember 100 years ago, there was a so-called effect, the wealth effect, the economist hypothesized that 5% of wealth change on average worked its way into consumption. the fed wants more economic growth, more inflation, and they’re going to play ball till we start getting the unemployment rate down. i think they’ll force people to risk assets and hopefully the game doesn’t change when everyby gets loaded up. just keep in mind from 2008 to 2012, five-year period basically, excuse me, through 2013, about $1 trillion has left the equity market in favor of fixed income.

Why I’m Buying Facebook Stock: Cooperman

Facebook could reach a market capitalization similar to Google’s, Leon Cooperman of Omega Advisors says.

Transcript:

we’ve already covered so much, lee. you’ve given two new position picks. you’ve talked about apple. let’s get one more. and that’s facebook. why are you in facebook? john, my partner, has done a wonderful job, got me into sprint at two. we still like that, by the way. give a little commercial for sprint. we’ll talk about that, absolutely. we think that people are underestimating the mobility opportunity that exists in facebook. and so we think ultimately they can achieve the market cap comparable to a google which will make a stock very rewarding. a little more speculative, higher multiple than the kind of things we’re normally involved in. havjohn on the program, he can tell you. you’ve got a couple guys here — absolutely, we see the same thing. everybody was critical, talking about they need to do things in mobile and do a better job. i think mr. zuckerberg so far has proven