1
ZVI GOFFER:
M-A-T-R. Okay.
EPHRIAM KARPEL:
Yes. Now, I got a check on Friday from a friend of mine who works for the Deal Reporter.
ZVI GOFFER:
Uh-huh.
EPHRIAM KARPEL:
He is very plugged in to a few bankers. He actually got a (UI). He got unbelievable information. They,Walgreen They,Walgreen made an offer for the company between twenty-eight and thirty-one dollars a share.
ZVI GOFFER:
Okay.
EPHRIAM KARPEL:
He ended up writing a report on it on Friday, okay, which I knew before he was the (UI) deal was going to be published. Which is great, so now you can just buy it without (UI) options because you don’t have to think about it because you got already an article out there suggesting a potential deal.
ZVI GOFFER:
Okay.
EPHRIAM KARPEL:
So there’s public information out there versus just you know just playing it just for-because you think you know something.
ZVI GOFFER:
Right.
EPHRIAM KARPEL:
But I know, I know for a fact, I mean I got-he, he grabbed me the entire transcript of what happened, his call with this guy.
ZVI GOFFER:
Great.
EPHRIAM KARPEL:
It’s coming from a banker just so you understand.
ZVI GOFFER:
(UI). And, and so I get, what they are evaluating the offer?
EPHRIAM KARPEL:
Right now, yeah. You have January 17 the company will come out with some sort of announcement. They’re saying it’s some sort of guidance type of comment. Um…you have time to buy it, you don’t have to buy it today, you’re starting on Wednesday right?
ZVI GOFFER:
No, I start on the 7 actually. I-I-I accepted with Galleon, so I’m starting on th the 7 .
EPHRIAM KARPEL:
Oh no I-I (UI) knew that. Did you just, maybe I didn’t, maybe I just assumed that’s what you were going to do. Um…this is going to be a home run for the month of January. So the only thing I would suggest, the only problem, only problem, is if they either, you know uh decide not-they’re not interested in (UI) and Walgreen walks away. I find that unlikely, based on (UI) (SC).
ZVI GOFFER:
Where is the stock trading right now?
EPHRIAM KARPEL:
Twenty-three, twenty-three thirty.
ZVI GOFFER:
What is that? Is it twenty-eight and thirty-two?
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38
th
39 40 41
th
42 43 44 45 46 47 48 49 50 51 52 53 54
Page 2
1 2
EPHRIAM KARPEL:
Between, the offer was made between twenty-eight to thirty-one dollars a share.
ZVI GOFFER:
Okay. Hm, I guess they’re mulling it over.
EPHRIAM KARPEL:
Well they have time. So that’s why, you know, I-you have time to buy a little stock or options and you could buy a little bit of everyday type of thing. (UI) obviously you wait until you start, you know, but um…unless you want to do it before hand but that’s-I just wanted to give you the call.
ZVI GOFFER:
Alright, cool.
EPHRIAM KARPEL:
So…(UI) (SC).
ZVI GOFFER:
(UI) I’m gonna have a lot of calls this year. I’m gonna be, you know, I-I’m, I got the right set up over there and uh, and I should be uh, I’m-I’m basically, I’m working directly for Raj, or directly with Raj, I’m not really, I guess I’m working for him because I’m there but uh…I’m gonna (UI) get a lot of good calls this year, I have a feeling.
EPHRIAM KARPEL:
(SC) Okay.
EPHRIAM KARPEL:
This is the, this is (UI). It’s not a big company, its five-hundred million so you can’t be enormous in it but…
ZVI GOFFER:
No, no, no I understand.
EPHRIAM KARPEL:
But, I’m telling you right now, this will be fantastic, okay? And I’m not, I’m-I wanted Peter to buy it and he’s like li ke well (UI). So, I’m not getting any response here.
ZVI GOFFER:
I wouldn’t tell Greg or any of those guys.
EPHRIAM KARPEL:
I’m not.
ZVI GOFFER:
Okay.
EPHRIAM KARPEL:
I’m telling you. And you do what you have to do and then you take care of me after the fact, whatever you end up doing.
ZVI GOFFER:
Sure.
ZVI GOFFER:
(SC) Sure.
EPHRIAM KARPEL:
Okay well I’m not…I’m telling you this is one; this is a hundred and twenty percent…okay? percent…okay? The only thing that might not happen is, you know, it could be a similar situation where, you know, they decide they’re not interested and they said-you know, they don’t, they don’t let the market know that this is what’s going on. I was read all this information. I have it all.
ZVI GOFFER:
Okay.
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54
Page 3
1
EPHRIAM KARPEL:
So um…I-what I would probably do is just buy some, you know, some puts just in case. You know you could buy…
ZVI GOFFER:
Um…um well I’m definitely gonna buy puts but I mean you know the question is how you know, how big I want to get, that’s t hat’s all.
EPHRIAM KARPEL:
Right. So I’m not gonna-I won’t do anything here…um…uh…you here…um…uh…you know, let me know what you end up deciding to do. Alright?
ZVI GOFFER:
Okay.
EPHRIAM KARPEL:
And I’ll, I’ll get my-and, and I have the article, it’s in Deal Reporter. Um, I don’t wanna forward it to you, because…
ZVI GOFFER:
Don’t forward it to me, yeah it’s alright. No, I have Deal Reporter.
EPHRIAM KARPEL:
(SC) Okay.
ZVI GOFFER:
I can look it up.
EPHRIAM KARPEL:
Look it up. It came out on Friday. Um…it’s (UI)…
ZVI GOFFER:
What does the stock do? Rally on that?
EPHRIAM KARPEL:
No, it came out after the close, which was great. So people aren’t even paying attention to it today.
ZVI GOFFER:
Right. Okay, understood.
EPHRIAM KARPEL:
Alright?
ZVI GOFFER:
Alright let me go do some work on this thing then.
EPHRIAM KARPEL:
So (UI) I’m not, I’m not making any other call okay? I’m just telling you.
ZVI GOFFER:
(SC) Yeah I’m with ya.
ZVI GOFFER:
Okay cool, I appreciate it (UI).
EPHRIAM KARPEL:
Okay, so, well no I know, we’ll-we’ll work together on these things.
ZVI GOFFER:
We’ll work together, okay.
ZVI GOFFER:
I’m a (UI). When I get there on the 7 I’ll, you know, (UI) it’s already getting close to that date so I can really start putting in on then but I’ll probably start like, you know, building up on the book on it right, now and start buying some small with my brother.
EPHRIAM KARPEL:
Yeah that’s (UI) I-I don’t usually get this kind of call. I mean I do but not, not that often. You know how they work. It’s like getting the MEDI call.
ZVI GOFFER:
Yeah, yeah.
EPHRIAM KARPEL:
Same thing.
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47
th
48 49 50 51 52 53 54
Page 4
1 2
ZVI GOFFER:
Okay, cool. (UI) (SC).
EPHRIAM KARPEL:
Just, just so you understand this guy was plugged into the whole Quonix (PH) situation and I had it laid l aid out perfectly. The problem, what happened was, it took a lot longer than we thought. That’s…(SC)
ZVI GOFFER:
Yeah I know it takes, it takes time. I mean I…you know I had a call, last year, in-in 3Com, but you know it-it happened but I had it t wo months early.
EPHRIAM KARPEL:
Right.
ZVI GOFFER:
But sometimes things just take time, you know?
EPHRIAM KARPEL:
That’s right. But the only good, the one good positive here, they’re, they’re gonna come out, now I’ll tell you exactly what they’re t hey’re gonna say.
ZVI GOFFER:
Okay.
EPHRIAM KARPEL:
On January. So this, this is one this might be a quick, a quicker timetable than I thought.
ZVI GOFFER:
Mmhm.
EPHRIAM KARPEL:
Hold on, just gonna read you what’s coming out January 17 …um…okay, Matria, this is on December (UI), Matria (UI) and just so you know it’s th December 17 . This is the day they made the offer just j ust so you understand.
ZVI GOFFER:
Okay.
EPHRIAM KARPEL:
So on December 17 the offer was made, the proposal was made, okay. Matria announced that it expects to release the company’s guidance for th calendar year 2008 on January 17 . The mid release date will allow time for further maturation of several regional health plan and long-term care insurance opportunities as well as additional opportunities to strategically position the company’s industry leading t echnology and informatics th capabilities. This is coming out on the 17 .
ZVI GOFFER:
Uh-huh.
EPHRIAM KARPEL:
Of January. I have a feeling they’re gonna make some sort of statement then.
ZVI GOFFER:
Well, well look it, yeah. That’s when the earnings suppose to come out too?
EPHRIAM KARPEL:
No, no, no. Guidance, guidance, guidance.
ZVI GOFFER:
Guidance.
EPHRIAM KARPEL:
They’re gonna get, they say expect to release the company’s guidance for the year 2008, okay? And the good thing about the stock’s really not been a good performer, it’s been down and it’s not really that expensive at this point. So…
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
th
29 30 31 32 33 34 35 36 37 38
th
39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54
Page 5
1 2
ZVI GOFFER:
What, I’ve noticed (UI) …all takeovers. They’ve always been, they been shitty performers.
EPHRIAM KARPEL:
Yeah. Well I get-I got a call from Greg with two weeks with this, you’ll love this one.
ZVI GOFFER:
(UI).
EPHRIAM KARPEL:
Gotta buy Starwood, gotta buy Starwood. Yeah okay, the stock was like forty-eight, it was down that day.
ZVI GOFFER:
Right.
EPHRIAM KARPEL:
Where is it today? Forty-three.
ZVI GOFFER:
Yeah but you got, you know enough not to listen to (UI) those calls anyway.
EPHRIAM KARPEL:
I’m short the stock, dude.
ZVI GOFFER:
So you shorted it. Well that’s…listen, I you know I-I’ve heard rumors about that one too so if I get, if I get word that t hat it’s really going to happen I’ll let you know right away then.
EPHRIAM KARPEL:
Yeah, that’s fine. I-I’ve actually been short it personally for awhile so it’s not really, I didn’t, I didn’t get shorter because of him, I was shorter beforehand.
ZVI GOFFER:
There have been um…pitch books, you know, that-that dealt with the Starwood.
EPHRIAM KARPEL:
Right.
ZVI GOFFER:
You know, in terms of takeover but that doesn’t mean anything you know.
EPHRIAM KARPEL:
I know. Look I mean it’s possible but (UI) I have a hard time believing deals like that are gonna get done right now in light of this credit implosion we have at the moment.
ZVI GOFFER:
Right.
EPHRIAM KARPEL:
So, I-I think that’s going to be a struggle. This, this one I’m telling you, is all cash.
ZVI GOFFER:
Oh really? Okay, cool.
EPHRIAM KARPEL:
So there’s no stock, it’s a cash offer. From (UI) from, from Walgreen.
ZVI GOFFER:
Okay.
EPHRIAM KARPEL:
I mean that’s a great buyer.
ZVI GOFFER:
Yeah I know, it’s huge.
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54
Page 6
1 2
EPHRIAM KARPEL:
So…you’re, you’re my call. I’m not making it to anyone else, I’m not telling Greg, I’m not telling anybody (UI).
ZVI GOFFER:
Definitely don’t tell Greg and them. (UI).
EPHRIAM KARPEL:
They will ruin every fuckin’ stock.
ZVI GOFFER:
They’ll ruin it, you gotta, you gotta not tell em’ man. It’s just the way it is.
EPHRIAM KARPEL:
Yeah no, I-I’ve learned my lesson with them, unfortunately. It’s painful but it is what it is. So, let me know what you do. I’ll keep you up…um and…(SC)
ZVI GOFFER:
Yes, please.
EPHRIAM KARPEL:
(UI).
ZVI GOFFER:
Yeah, please, anything changes let me know because I’m gonna start putting on (UI).
EPHRIAM KARPEL:
In fact, I can…when you are ready, I can introduce introdu ce you to my contact.
ZVI GOFFER:
I’m always ready. I’m tryin’ to (UI)…look I want to have a lot of money to play with this year. (SC).
EPHRIAM KARPEL:
(SC) (UI).
ZVI GOFFER:
I don’t know (UI) I don’t know what the hell I’m gonna do with all that money. I really gotta start meetin’ more people.
EPHRIAM KARPEL:
Well…I’ll give you things to do.
ZVI GOFFER:
Okay, that’s perfect.
EPHRIAM KARPEL:
Alright?
ZVI GOFFER:
Perfect.
EPHRIAM KARPEL:
Alright buddy, I’ll-I…
ZVI GOFFER:
(SC) Thanks a lot (UI).
EPHRIAM KARPEL:
Happy, happy New Year. Let me know when happens, okay?
ZVI GOFFER:
Same to you man, same to you.
EPHRIAM KARPEL:
Okay. I would probably do…(UI) could buy stock or options, probably stock. Buying stock buying put is probably the easiest trade.
ZVI GOFFER:
I wanna see what the calls are trading for. Get the price (UI) (SC).
EPHRIAM KARPEL:
The-the twenty-five calls are…the Feb. twenty-five calls are a dollar.
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54
Page 7
1
ZVI GOFFER:
That’s too much. Alright, so I’ll buy stock. What are the puts?
EPHRIAM KARPEL:
The puts…
ZVI GOFFER:
The twenty puts.
EPHRIAM KARPEL:
The twenty puts…on, in…well the twenty puts if in Feb. are a dollar, in March are seventy-five cents. Oh wait, I’m sorry I’m looking at the wrong date, I’m sorry. Feb. twenty puts in February are thirty-five cents.
ZVI GOFFER:
Yeah, that’s cool, I’m not gonna buy the twenty-five, I’ll buy the twenty.
EPHRIAM KARPEL:
Yeah.
ZVI GOFFER:
I’ll risk three bucks knowing I have good edge and that’s it.
EPHRIAM KARPEL:
Yeah.
ZVI GOFFER:
Not gonna lose ten bucks but I can, I’ll risk three. That’s not a problem.
EPHRIAM KARPEL:
Yeah.
ZVI GOFFER:
Alright, cool.
EPHRIAM KARPEL:
Alright, I’ll keep you up. And when you get that, when you, when you’re ready I want to meet; you to meet my friend because he’s-he’s very good contact to have.
ZVI GOFFER:
Okay, well I’m…
EPHRIAM KARPEL:
(SC) Yeah.
ZVI GOFFER:
I’m ready whenever so you know if you wanna do that after the New Year, let’s do it, I’m there.
EPHRIAM KARPEL:
(SC) (UI) He-he’s…(SC) No I know, he’s not around today, so that’s why.
ZVI GOFFER:
No, not today I-I’m not around today, I’m sayin’…but Wednesday, Wednesday, Thursday…
EPHRIAM KARPEL:
Okay.
ZVI GOFFER:
It doesn’t matter, I’m free anytime anywhere now.
EPHRIAM KARPEL:
Perfect, okay.
ZVI GOFFER:
Alright, great Ef.
EPHRIAM KARPEL:
And then we’ll talk about, you know me and…me and (UI).
ZVI GOFFER:
Yeah no worry, I got you.
EPHRIAM KARPEL:
Okay buddy.
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54
Page 8
1
ZVI GOFFER:
Alright.
EPHRIAM KARPEL:
Thanks, bye.
2 3 4 5
[End of Recording]
Page 9
