The pandemic rocks Ron Perelman's empire.
Couldn’t happen to a nicer guy.
bloomberg.com/news/articles/…
Back in 1992 I wrote a critical cover story on his Marvel Entertainment for Barrons.
Here it is!
thestreet.com/tsc/common/ima…
Perelman sued me for $50 million (and barely had a dollar in my pocket at that time) claiming that my article was inflammatory and caused him to lose several
hundred million dollars as the stock plummeted. Shortly after I won the suit (and he paid my legal expenses) Alan Abelson followed up with five more interviews with me about the dire prospects for Marvel. Marvel ultimately declared bankruptcy (it declared it again a few years
later). My reputation as a short seller was born out of this experience and my relationship with Barrons' Abelson blossomed over the next two decades.
@jimcramer @tomkeene @SquawkCNBC @cnbcfastmoney @saraeisen @SullyCNBC @michaelsantoli @carlquintanilla @riskreversal
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