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NEW YORK (AP) - Cablevision Systems Corp. reported a sharply narrower loss for its first quarter on Thursday, a day after the cable TV company agreed to be taken private by its controlling shareholders, the Dolan family.
Normally such improved results would be met with cheer from analysts, but Rich Greenfield of Pali Capital urged investors to vote against the transaction, saying the strong earnings trends suggested a company value far higher than the $36.26 per share the board agreed to — perhaps as high as $50 per share.
"Just say NO to Chuck and Jim," Greenfield wrote, referring to Charles Dolan, the company's chairman, and his son James, who serves as chief executive.
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