Transcripts For CNBC Fast Money 20151125

It is the top of hollywood. That is designating health care rights, coming to light in explosive new Court Documents as the battle for the media empire heats up. We have a special report on this intriguing new stories and why shares of viacom rallied today. But first a handful of stocks. Nike, home depot and lowes, hitting a twoweek high into the make or break time for the consumer. Grasso, the xrt, 50 day moving average, i know you like levels, is that good news for retailers. It is. It is a problem because when you look at names that are isolated that are a handful doing well. We know the names, home depot and nike. Amazon. The ultimate Consumer Discretionary name up 117 yeartodate. Home depot is over bought on rsi, relative strength index. It works it off nicely. When it does work it off, it makes another new alltime high. When you look at nike, does the same type of thing. So you see these people, investors of which im one, exit the trades an then rush right back into the same names. So what is working will keep working. Karen youre in both of the haves and havenotes in retail. So how do you decide whether to stick with either camp. It all comes to fundamentals for us. It is a terrible lead into the Holiday Season. But the bar i went to i think it was a Morgan Stanley conference ten days ago. The sentiment in the retail space could not have been worse. Which sets up nicely when you have the bar so low and you have so many retailers that are in good shape. Their inventories are in good shape and the Balance Sheets are in extraordinarily good shape. So ill stick with the names that i like. Footlocker, trades with nike it. Was down a ton. It has come back a ton. But i still like it here. Ill stick with it. And youre sticking with macys. No. Not since when they announced the real estate sale and i was very concerned. However, i dont recall lundgren talking about his stock in more hes not usually a stock cheerleader, he is a business cheerleader. That is unusual how hes doing that. There is nowhere to hide in this space. I look at the mallbased stores, the inventory is plaguing these guys. There is nowhere to hide. Nike and under armour, the sports an the athletic wear is selling. Footlocker benefits from nike. They have a few arrangements to help the finish line gone, macys, they will struggle. And all of the companies have inventory blow and there is nobody walking through the mall shopping. And i get why we talk about the retail is different than the apparel. But to me under armour has problems with designation. I think they have grown too fast and in a place where the valuation cant be supported. I look at home improvement, home depot, lowes and sherman williams, you have household formation growing. Homes selling in 2015. 3. 7 million available. You are at a place where they are not growing stores. Lowes, home depot, they are not building. They are getting more space out of the retail. The valuations will stay high because they could be more profitable than theyve ever been. Im glad you mentioned under armour, it is night versus day. And they have a dividend as well. Nike is much, much better but under armour outperformed nike until the last stretch in retail. Under armour was up and outperformed by 5 . In nike we had the headline about the split and now we see money rush back into nike. But look at the Short Interest in the xrt. The highest it has been all year right now. So we saw a sector that was pressed down. Completely oversold. It has rallied quite a bit over the last week or so. It is up 8 over the last week. Is that a longlived rally. I think you could get a more short squeeze to the upside. But the pricing discounting that were seeing, i know there is 30 sales going on across the board, that has been priced in. That was priced in nine months ago. They predicted this and prepared for it. It is part of the marketing game. Are you telling me you think the retailers look interesting because we know about promotions . Absolutely not. We see the discounting and people get concerned you dont think that is priced in. Im not talking about the stocks. Im talking about this is the retailers mantra. They go out and discount. And they know they are going to discount. It is part of the whole marketing exercise. The fact that the inventory glut is there, that is a completely different story. The discount would happen with or without the inventory glut is my point. You would see the 30 so the discounting should be even worse between now because the inventories are actually higher. These things could go even lower. Because ultimately you have a place here. Right. That is my point. And if consumer slumping is in 2016, i think it will get worse for these guys. From one of the busiest shopping weekends to traveling weeks. Facing long lines and waits in the wake of recent global turmoil. Today the president had to say about this about the threat of terror amid the busy travel season during the holidays. Take a listen. Right now we know of no specific and credible intelligence indicating a plot on the homeland. So as americans travel this weekend to be with their loved ones, i want them to know that our counterterrorism, intelligence, Homeland Security and Law Enforcement professionals at every level are working overtime. They are continually monitoring threats at home and abroad. The ceo of Spirit Airlines joins us in a exclusive interview. Ben, great to see you. Great to see you, melissa and happy thanksgiving. The state department issued a vague travel warning for u. S. Citizens travel ago broad and around traveling abroad and around the country. I wonder if you are seeing any impact this Holiday Season and if we should look for the impact in the First Quarter as we talked to helen becker yesterday and she said the impact, if there is one, will be seen in the First Quarter, not now. Well, you know, our view is that everybody is a little bit skittish right now of course. But our view if this affects anything, it will affect transatlantic and pacific and long haul travel more. If you look at that warning, i should say, it was specifically about americans traveling abroad, not so much traveling within the united states. So we dont really expect to see much of a change in booking and we certainly havent seen anything to date yet in terms of Domestic Travel which is where spirit is mostly focused of course and nearing international flying. I hate to put it this way, could you see a benefit with americans more interesting in staying stateside as opposed to going abroad. That could be true. More people decide, let me go to orlando or las vegas instead of frankfort or tokyo. All right. I want to shift gears an talk about the stock. It is near a twoyear low, beb, ben, so investors are wondering what is going on. Analysts on the street point to a couple of things. Southwest vastly expanded operations in dallas lovefield. American had an aggressive price match in dallas as well as chicago. What have been the impacts and do you think that is the reason your stock is underperforming versus the Airline Sector . Well, i think there is a couple of reasons. You know, we have a little bit of ourselves to blame we had to cut back guidance in 2015 because of a rapidly changing revenue environment. Were still guiding to 21 to 23 21. 5 to 23 margins which is better than most of the industry but we had to pull that back a little bit. I think investors, broadly, sh clearly do, but they dont understand the resiliency of the spirit model. Even with fare wars going on and rapid expansion by some carriers, our margins continue to be very, very ripe. And customers just really like low fares. Our airline is built for low fares so in an environment with lots of low fares, we do just fine in that environment. We had a great Third Quarter. Were looking forward to another 20 growth year next year that should be positive for the airline over all. So there is a lot of resiliency in the model and i think over time investors will see that in our numbers through as we go through the Fourth Quarter and into next year. When i hear resilience, i think of ancillary fees. Are you going to jack up the fees you are known for. Low fares, but you charge for a lot of different things. Yeah, we charge for a lot of different things. But only those that are truly optional. And we see customers react to that model better almost every day. Because they realize they could use that model to save money by changing their behavior in some ways. We have raised our baggage fees a little bit at christmas. About 2. That compared to 30 and 40 price ticket increases on other airlines but over all it is good because you could decide to pack a little lighter. But we look at ancillary to keep the fares low but mostly to put the Pricing Power into the consumer hands so they only pay for what they value. Ben, great to hear from you. Thank you. Thank you, melissa, and have a safe holiday. The ceo of Spirit Airlines. Save is the sicker. This is down this year. Poor ben. This is one of the best airlines in a worst performing stock. They are hurt by their own success. Growing capacity. 30 . The September Quarter was down in terms of passenger revenue per available miles, mel, and it would be even lower than that. If you look at the airlines, look at where the bad news is already priced in. And the paris attacks have temporarily put a lot of the shares like delta in a place where they are kind of attractive at these levels. We talked about this last night, sky west, a Small Airline that doesnt deal with the International Travel exposure, up 57 yeartodate. Jet blue up 57 yeartodate. Both charts are in tact. Sky west chart looks amazing. Neern one is overbought. Jet blue fighting to get above the 50 day. A bit of a rough year for warren buffett. The bright spot for the oracle of omaha and whether you could get in. And some are leaving the street behind and heading to Silicon Valley startups. And could this put pressure on others. And just in time for the holidays, obesity drugs. Weve talking the fight against obesity, much more fast money straight ahead. And can you explain why you recommend synthetic over cedar . Super food . Is that a real thing . Its a great school, but is it the right one for her . Is this really any better than the one you got last year . If we consolidate suppliers, whats the savings there . So should we go with the 467 horsepower . Or is a 423 enough . Good question. You ask a lot of good questions. I think we should move you into our new fund. Sure. Ok. But are you asking enough about how your wealth is managed . Wealth management at charles schwab. Today, were seeing new technologies make healthcare more personal with patientcentric, digital innovations; from selfmonitoring devices that can interpret personal data and enable targeted care, to Cloud Platforms that invite providers to collaborate with the patients they serve. Thats why over 90 of the top 25 Global Pharmaceutical Companies are turning to cognizant. Our domain experts, technologists, digital and data specialists, clinicians and scientists are transforming the way Clinical Research sites collaborate with pharmaceutical companies, and enhancing Patient Engagement with innovative platforms and solutions. Our populations growing healthcare needs present growing opportunities for our clients to advance the future of medicine with digital, and improve the quality of lives. Im a gas service rep for pg e in san jose. As a gas service rep we are basically the ambassador of the company. We make the most contact with the customers on a daily basis. I work handinhand with crews to make sure our gas pipes are safe. My wife and i are both from san jose. My kids and their friends live in this community. Every time i go to a customers house, their children could be friends with my children so its important to me. One of the most rewarding parts of this job is after you help a customer, seeing a smile on their face. Together, were building a better california. A big move for deer which kicks off the top trades. Revenue missed estimates an the company said Equipment Sales will slow. Now it was a bright spot for warren buffett, several of the top other big holings have had a rough 2015. American express down 22 . Ibm down 15 . And coke the least problematic, down only 3 . So are any of these names worth a look. Tim, kick it off with deer. This is better than expected in a difficult environment. Sales are down 13 yearoveryear. You are talking about management talking about working off inventories and the backup on what is going on in the farm equipment. The Construction Equipment for commercial is still actually a reasonable area for these guys. We know what is going on in china. So the story doesnt turn around quickly and this is a place where this is not a major position for warren. If you look at overall. But talking about his holdings, this is not a place where he is getting hurt. Down 13 yeartodate. Which one of these would you say to sell at this point. Im not a buffetlike investor. So you would dump all of these. No. I look at deer, and that may be a name i would stick by. Coke i would stick by over deer. It is similar. Topline growth. Where the revenue growth. It is really absent. And money is flowing to names that are growing or have the opportunity to grow. Names that weve talked about in this show. So ill go to the value investor. He is as well and has a longer time horizon as you do. Do any of the name as peel to you. Something like a coke is not it is hard to have that be under the value umbrella. I think deer, there is some leverage there, operational leverage there. That would be closer for me. Next up, pan dora, another stock seeing big gains and this time it has something to do with adele. The new hit 25 is available for streaming on pandora but not on spotify. On the today show, matt lauer asked her about keeping the album off the streaming sites. Take a listen. Youre one of the few people on the planet who can say, i may not stream some songs. Oh, yeah. Youve chosen to put hello out there and not the other music. Might you make a decision in the near future to stream some of that music. Yeah, probably. Im not just spicing things up. And hello is on there because it is out on the radio. So probably. And she has a great accent. She does. It sounds great. It is actually fake. The register of copyrights helping to ease investor concerns about pandora paying higher webcast gains. That is driving here. Karen. Wall street one of the names i find a fantastic product. Love it aas a stock. Not so much. If the crb does rule in their favor. For me the music business has changed so much that the biggest beneficiary is live nation. Because to make money as an artist, you have to be on tour. And at dell tour will be the adele tour will be enormous and a platform for people to get hooked into live nation. I agree. I think the story for pandora has made. They bought a Ticket Company and made technology purchase. They bought a company radio. Right. Like spotify. So it goes to show you, the core business, they look at it and say it is not doing as well as they are interpreting it. Im not a buyer here. I think that stock is a sell. I think that the core business is healthy. They are focusing on music and partners. I think they have proven theyve been able to with stand the competiti competition. I think the stock is cheap. Why are they making acquisitions. They dont know anything about the ticket business. Why get involved. Stay with your core business. Because it is growing. It is an ancillary business they should be involved in and it has been proven for live nation. It is not about that though. The bottom line is you are on pandora and you see a band and you want to buy a ticket, why not. They have an audience that is steve is working out in the gym, pumping some iron to cool and the gang. Cool and the gang. He wants to buy tickets. Here is the problem. When you look at pandora, for years now it feels like were talking about apple killing them. And every time that happens it hasnt happened before. But if you look at chart, down 23 yeartodate, starting to get the bounce back, felt like it was oversold. So any pop in the stock has to be sold. I think it is over. All right. Still ahead, president obama might have already pardoned the turkey today but our traders are doing some pardoning of their own. Four turkey stocks that deserve a pass in your portfolio. Im melissa lee and youre watching fast money on cnbc, firz in business worldwide. This is what else is coming up on fast. Kids would rather work at uber than goldman. But that could be a problem for the banks. Well explain. Prices are insane. That is what traders are saying about three stocks trading at a huge discount to the market. Well give you the names when fast money returns. Welcome back to fast money. Three Goldman Sachs bankers jumping ship to uber as the shift from wall street to sill von valley continues. Josh lipton has the details on this growing trend. Josh. The shift is easy to understand, especially when you join a startup. That job could mean more flexible hours, Stock Options an potentially that big ipo pay day. Uber specifically has raised nearly 8 million. It is now valued at 51 billion, according to cb insights. And that does make uber the most valuable vcbacked private company on the planet. In just five short years it has more than 1 million active drivers serving over 300 cities. Reuters reports the company could generate net revenue of 2 billion this year. The three pankers are bankers are the latest to make the jump from wall street to tech. Anthony noddo, the former goldman executive, who became the twitter cfo. And ruth pull rad taking a similar position at google pair and alphabet. No surprise, if you are a young mba, tech looks attractive right now. And Harvard Business school, 20 of graduating students from the class of 2015 plan to take a job in tech. And that is up from just 11 in 2011. Meanwhile, just 16 plan to work in Investment Banking and sales and trading. And that is down from 25 since 2011. Of course, these young mbaers are coming here to Silicon Valley at a time where there is question about the climate and the sustainability. So maybe then enthusiasm could be a contrary indicator so stay tuned. Melissa, back to you. Josh, i think that is a very good point there. By the way, is there any sense that these guys the goldman bankers are giving up salary and taking the options with the hope of the big pay day. Im trying to figure out if this is a growing trend. If Silicon Valley is going to increase pay and pressure expenses in order to get these people. I did not see that report, melissa. But certainly you could think of all kinds of incentives they could put out there. 8 billion, 51 billion valuation. And uber, i just talked to the head of operations. We talked about the potential of public debut. He didnt give a timeline. Said he thought public investors would be happy with the results they see. No timeline. But if you are a vc, he want to see a cash return on your investment at some point, melissa, josh, thank you. Josh lipton in san francisco. I think this is getting kind of to a place where it is getting absurd. You have cyclical and a pendulum to swing. And wall street was a place to run from. After 2008, the witch hunt. Vc guys would look ate firm with a goldman twoyear program and had a foundation before going on and spending times at these places as a total plus. You cant tell me the experience of working for a goldman isnt very, very good. I was a warden two weeks ago and they spent more people to google than goldman. I totally understand. Plus remember, they are millennials who have a different they are lazy. I dont think they are lazy. Think they want a different type they know dorsey and zuckerburg and bezos. It is during the financial crisis. They saw banks implode. It is the mentality. If you look at the Financial Companies right now. There is no guys that they know. It is no guys they think is a stud. Diamond is known to be a stud in the pharma industry. You have two women on this desk who thinks jamie diamond is a hume stud. I dont think, i know. The ceo of cowan, he is a stud. That was a plug for it was a plug for you. The experience aspect of it, that is what is being lost with the millennials. They are missing the equation, the experience having them experience, spending five years working your tail off at Goldman Sachs gives you that flexibility and the ability to go out there and work for some of the stock ops. And score that massive payday. But the experience of a failed startup is good too seriously. You dont hear about that. A lot of experience out there. Coming up, it is the one stock down 80 yeartodate but one of the traders said dont give up yet. The stock is worth another look. Well tell you what that is. And what is cheap and could bring you big profits. Several stocks trading at a discount to the market. We have the napes rig the nam after this. Its easy to buy insurance and forget about it. But the more you learn about your coverage, the more gaps you might find. Like how you thought you were covered for all this. When youre really only covered for this. Hot dog . Or how you may think youre covered for this. But not for this. Whoa no, no, oh , oh . Or this. Or this. Or that. Talk to farmers and see what gaps could be hiding in your coverage. My heaven we are farmers bum pa dum. Bum bum bum bum welcome back to fast money. The dow trading in the tight estrange of the year, ending the day slightly higher. Stocks just about flat for the week but managed to close higher on friday, that the fourth year in a row of green thanksgiving week. The second half of fast money. Some stocks have traded like turkeys but traders have stocks they think deserve a pardon. Sex jealousy and the fate of a entertainment empire part of explosive new media scient saying that someone is a living ghost. It is the talk of hollywood and wall street. We have a special report. But as retailers roll out big discounts, we thought it fitting to take a look at stocks also on sale. Seema mody is at headquarters with the details. That is right. We did bargain hunting of our own and took a look at stocks pe ratios relative to the sector they trade in. And here is what we came up. Valero, sporting a ratio of 6. 9. The Energy Trades at 19 times earnings. It is the second best performer in the sector yeartodate. Up 48 . Turning to Consumer Discretionary, the best performing group this year and we found a company we rarely talk about, goodyear tire. The stock is trading at just above 3 times earnings. That is a huge discount relative to the sector which trades at 21 times. Shares of goodyear are up more than 20 in thyear. And what about the Cheapest Company in technology. Well a name in the news today, hp inc. The stom tumbling on earnings with a pe ratio of just above five. But cheap is in the eye of the beholder. The stock is down more than 30 this year. So a low earnings multiple doesnt always mean a stock is cheap. Melissa. Seema mody, thanks so much. Are any of these names worth buying . What is the best discount buy here . Valero discount is all relative to a sector that has been cranking. And it is a bit of a turnaround story. They have a lot of cash, free cash flow. And margin flow is turning around an the and ill take that all day and the refiners look good. Phq, why would you want to go there and printing is in trouble now. Not so much. I think hp inc. Has to prove itself. It was oversold and then you have the overbought, it goes back and forth. So i think it has the smoke has to clear on this one. Vale valero, they skew the p. E. So it still looks okay. If you believe that crude is going to stay right here. So lets go to each of your discount plays. Stocks that are doing well and trading at a discount to its sector. Tim. It is green mountain. In a world where if it was a year ago, it was trading at 155 and traded down to 40. And with had numbers much better. But again now trading at a discount in Consumer Discretionary and there are reasons for it. The coke brand is a disappointment, and the brew recalls and the pods are selling less. It is at a price where this is trading at 20 cheap to the peer group which is mazing because this is a short peer. The stock is up 35 in the last five sessions. But it tells you how bad things were on sentiment and i think it is over done. And yours is interesting because grasso was just talking about how much he hates it. I hate buying stocks trading at a massive discount to the peer group. There is something obviously wrong in names like that. But hpq, or hp, the sentiment is so bad but at a 4 dividend yield. The stock position today puts it in a position of hopefully turning the corn fresh a price perspective given the fact that sentiment is so incredibly negative. So i say collect the 4 dividend yield and possibly have a trade to the upside just based on that alone. Karen . A name weve talked about a bunch of times, korss. Difficult retail environment and yet they beat. It is a good com sector of ralph, coach, and kate. The average sector 17, and kors 10. The average ebidta, 8. 2, kors under 6. It is ridiculous. Thats it. Grasso. I hate buying stocks that are cheap because i think they are cheap for a reason. But if i have to go with one, ill go with apple. It trades at 12 times. It depends on who you compare it to. But no matter who you compare it to, it is always cheaper than peers. I would say apple. But it is a consensus thing but you never know. Weight loss Drug Companies are dropping serious weight ahead of thanksgiving, are patients throwing in the towel or losing weight or is Something Else at play. It is time for muchneeded stock therapy. Meg, terrell, it is good to see you. What is going on. We were thinking of thanksgiving stock therapies but we are all eating tomorrow so why not look at weight loss stocks. These are companies that the stocks are smaller than we normally might talk about because they have fallen in the last year. Oebs is a big problem in the united states. The cdc said 35 of americans are obese and it links to Heart Disease and diabetes and a huge cost to the economy as well. And a huge problem. So expectations was very high. In the billions before they made it to market. They are made by arena, arexo jen and ven us. And if you call them the three obesity drug. And another one from novofordis. And the drugs essentially sell about 50 million a year each, according to rbc. This is a branded market of just about 150 million. The expectations of course were for billions and billions. Thats because doctors dont think of prescription drugs. The line is exercise and eat right. It is not prescribing drugs. And we have had problems in the past and so the doctors have been bush burned there. And there is concerns. And i was just talking about this and there is no real catalyst on the stocks. So they are languishing. And folks wonder when this market will turn around. And we are talking about zafgen. On the threshold of what we talk about. They have a big catalyst coming up in q1. They had a safety issue with their drug which they are testing not just in severe obesity but in a rare disease with uncontrollable eating. It is called Prater Willie syndrome. The stock has plummeted 50 in the last three months. But they have a study coming out in q1 which analysts say is a big moment. They are sorting through the data. We dont know if the safety issue is in the drug or. No and back to the obesity stocks, if you look at those three companies versus Weight Watchers, that really illuminates the difference of the way we think about treating obesity through the united states. It is through diet and exercise and not drugs. If you compare the market caps. Thank you, meg carol. The biotech reporter. And there is the difference of oprah with Weight Watchers. And biotech analysts are smart people and they got it wrong in this drug. That is interesting. They didnt anticipate the resistance to prescriptions. It is an issuech and reimbursement is an issue. It is much easier to go to the store and buy an overthecounter product. Or react through a Weight Watchers program and figure out a way to get healthy from that perspective. But efficacy, reimbursement, complete issue for these. They dont work as well as people anticipated so they no one is going to buy them or prescribe them. Look at the Weight Watchers chart. It is up 60 in the last weeks. Thank you, oprah. Cost management, plus oprah. Still ahead, could shares of netflix finally be running out of steam. Traders are betting the good times are behind the streaming giant. And take a look at this. This is the signature of Sumner Redstone on a dom that gives viacom chairman the right to make decisions about his health. That is one of many explosive revelations released in new Court Documents today as the battle for the media empire heats up. The incredible details ahead in a special fast money report. Here at td ameritrade, they work hard. Wow, that was random. Random . No its all about understanding patterns like the mail guy at 3 12 every day or jerry, getting dumped every third tuesday. This happens every third tuesday. We have Pattern Recognition Technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. Theres no way to predict that. For all the confidence you need. Td ameritrade. You got this. Welcome back to fast money. Viacom chairman Sumner Redstones health has long been rumored to be in decline. Now he is called a living government by his former lover in explosive Court Documents that emerged today. As battle for control of cbs and viacom heats up. Julia has the details from l. A. Sumners ex girl friend her zer has filed a lawsuit alleging the 92yearold is mentally impaired and unable to make decisions. Demanding that he receive a mental exam to determine whether he could make decisions and challenging the decision to kick her out from his home last month. Now redstone controls both cbs and viacom. And is the executive chairman of the board at both companies. Her zer describes red stone as a living ghost, saying that, quote, he cannot converse except for grief grunted responses to direct questions and even then he is nearly impossible to understand. She also said he is, quote, spontaneous crying spells for no discernible reason. Redstone responding calling it a meritless action and riddled with lies and a despicable invasion of his privacy and saying in a 120 page response that last week she entered into a written agreement with mr. Redstone himself, revealing he appointed the ceo to act in the event of hissin capacity. Demand declaring that the two are in regular touch. Saying that he found resstone, quote, engaged and atentive. But redstones signature, it is raising questions as it is circulated on twitter. Still, of course, this all raises questions about redstones control over viacom and cbs which will be taken over bia group of trustees in the event that redstone is unable to make decisions or when he passes away. Melissa, back over to you. Thanks, julia boorstin. Or more of what this could mean, lets bring in david faber who knows the media spacer than anyone out there. He joins us on the fast line. If you look at viacom after the Court Documents, they finished close to the highs of the session. The stock was bid higher on the release of the documents. Could you walk us through what investors are thinking. They are thinking that eventually mr. Redstone is going to die. I should add, sumner, ive known for many years and i hope it is not true, that hes declined to this extent. But regardless, you know people on wall street are simply speculating as to what will happen to the companies when he does pass away. He is 92 or perhaps even older than that, actually. And yet, that remains something that is unclear. Because as julia said, there is a trust, and Irrevocable Trust of which the beneficiaries are the youngest of his, Great Grandkids i think. And the trustees of the trust are not in a position where they are forced in some way to force the sell of the con strolling stake in viacom and cbs owned by National Amusement and it does not appear based on reporting for some time there is a tax bill or something along those lines that forces some sort of a sale. That said, it still remains unclear exactly what the dynamic is going to be amongst the trustees. Which includes sherry and her son tyler. And what their decisions may be. But that is what you are seeing, simply speculation. When he does pass away, however many years that may be in the future, because it is difficult to tell how much his health has declin decline, that there will be a sale. The controlling interest, is why the stock is trading at a discount. It has its own problems. Deutsche bank downgrading the stock citing slower advertise. But is there a natural discount because of the structure . I think viacom has suffered largely because of selfinflicted wounds, having nothing to do with the ownership structure, as you well know. It is a difficult year for the company. In terms of advertise market in terms of programming and ratings and the leadership and demon, and i speak to investors about it. And what does come to the fore is the idea they are in a paralysis, if you will. That there is no nothing that will change until sumner is no longer with us. One way or the other. And that includes management. Not necessarily again to say there is going to be any sort of a for sale. Because that does not appear to be the case. But nonetheless, perhaps some people would like to see some changes at the company, that simply wont take place until sumner is no longer on the scene. David, it is karen. Do you have any idea for viacom particularly what the board is thinking . It is a great question. And you know, and a lot of us are trying to understand fully what they are thinking. And that goes back i think to the difficulty the company has had this year. It leaves questions in terms of the leadership and some decisions that have been made over the last few years and whether there is a what the board dynamic is right now, in terms of would you want a change in leadership. I cant say that specifically i have a great sense of that. Other than i hear the rumors that many other people hear. And sherry obviously is an important component of the board as well. But it is certainly something people are keeping a close eye on. Again, more to the idea that management might, at the very top perhaps change, if there was to be a board decision there. But it is hard to imagine with sumner still still the chairman of the company and demand having his complete support. Do you think that well get anything from viacom. I know it is the day before thanksgiving, but in the coming days, about mr. Redstones health . You know, i mean you know weve all read the good stories written well and done on his health and declining health. There is a debate. I havent spoken to sumner frank frankly in a couple of years. I used to see him regularly and interview him of course. So i dont have a firsthand account of what his health is really like. I could rely on accounts i get from management at viacom. They say one thing, melissa. And then you hear others such as in this Court Document today who say completely different thing. Where the truth lies im afraid is a difficult thing to know specifically unless you are in the vicinity of mr. Redstone himself. David, thanks for phoning in. Appreciate it. Happy thanksgiving to you. Thanks, melissa. David faber on the fast line tonight. Lets trade this. People are trading this like it is going to be a good event. A good event for investors. It is could be it could be. The stock is down 3 . Cbs is down. If you look at media, im at disney. The runup going into the star wars release. As long as it holds the 116 level, i stay in disney. What is your take on this, karen . I hope that paramount, which is viacom property, owns the rights to this story. Because this is just crazy. That signature is ridiculous. I do think that the macro events of cable and Court Cutting is cou cord cutting is weighing on the stock right now. There is no question this man could be entering a stage where he is not making great decisions. I dont know that either. But to judge that on the signature is absurd. He signs all kinds of stuff. I dont i think that is the wrong reason to go hysterical on this one. And as you look at the company, the biggestish ooze are issues issues for the sector. And cbs which went from 38 to 52 in the last couple of days, the Third Quarter numbers werent that bad so you are at a place where people dont know what the valuations were in the sector any more. That is the issue. There is the signature. There it is. And the fundamentals are terrible. You have a ad shift going to digital and mobile. No reason to own these names. Setting off a flurry of options for today. The december 54 calls are what they were buying. Only looking out a short distance, expecting more news. Spending about 80 cents for those. Thanks for that, mike. Coming up, one turkey got a pardon. We know that turkey. It is a famous one. Mike is not a turkey. Not at all. One turkey got a pardon today from the president. And after the break, the traders got four stocks they think deserve a pardon as well. We have those names up next. Youre watching fast money on cnbc, first in business worldwide. Dont interrupt. You are hereby pardons. That was president obama today upholding the tradition of pardoning a turkey ahead of thanksgiving. So in the spirit of the season of kindness, we waned to give the traders a chance with a stock that had a rough run but deserves a pass. So lets start off with you, titi tim. I think it is twitter. They are in the stages of a proven platform. Monetization was up 57 . Im being knocked down by turkeys. And that is fair. And granted it was a disappointment in how they monetize and they are not facebook. But they are growing faster than anybody. Maus is not what you should see here. And seaberg has a shocking one. It is sun edison. The stock has been annihilated. From 33 down to 3. 5 today. But the problem is management completely discredited by the fact they were confusing inve investors and arrogant as the stock collapsed. So i look at it and say we saw what happened yesterday when they announced the sales of assets. There is a massive short here. And do they need the asset salement they have 150 up front and 80 later. And they have to give the 151 back. The changes at terp, this is something that basically rating the company that they spun out. They took 160 million from goldman on a oneyear at a time they are trying to show their cash position. I took it easy on twitter. We have to get to the other ones. Im giving management a pass from the standpoint of this Company Actually could be bought up aggressively on any sense of positive news. They start selling assets, it is going to turn on a dime and go up fiercely. What is yours . Mine is gopro. Fitbit. Oh, fitbit. Sorry, we have to go. Up next, traders tell you what they are watching for friday right after the break. Stay tuned. Just wait for a moment. I watch for the perfect moment. The one nobody else sees. And when i find it i go for it. announcer at scottrade, we share your passion for trading. Thats why we give you the edge, with innovative charting and trading features, plus, powerful mobile apps so youre always connected, wherever you are. Because at scottrade, our passion is to power yours. Five years ago, on any given night, you know, almost 75,000 veterans experienced homelessness. We have reduced those numbers by almost half, but despite the great progress that we have achieved, there are still too many veterans who still need a place to live. This project is a comprehensive rehabilitation of the centers facility here in Downtown Boston to create permanent supportive housing, transitional housing and service spaces, a facility that really delivers on societys commitment to people who have served in the military. Citi® was the Financial Partner because they were able to come with the resources, both the Capital Resources and also the human resources, the experts in their fields, and without citis partnership we probably would not be in construction right now. The goal for us in this project is to be more effective in the services that we provide so that veterans who have committed to put their lives at risk to protect this country have a home in this country. Time now for final trade. Lets go around the horn. Tim. Happy thanksgiving. Buying the weakness in brazil down 5 , i think it is worth buying. Seaberg. A lot of speculation about lululemon, whether they will be bought by nike or under armour. Somebody will. Because they are completely mismanaging this company. Im long. Karen . Yes. So we talked about it, i dont know if it was the turkey or the other thing. But kors, undervalued, i like it here. Electronic arts. It got beat up because the demand for star wars was lackluster. I think going into the movie release youll see the demand pick up. Electronic arts, ea. Thank you for sharing your thanksgiving eve with us. Well see you back here at 5 00 on monday. For more fast money, everybody have a safe and happy thanksgiving. Mad money my mission is simple to make you money. Im here to level the Playing Field for all investors. Theres always a bull market somewhere and i promise to help you find it. Mad money starts now. Hey, im cramer. Welcome to mad money. Welcome to cramerica. Others want to make friends im trying to make money. Call me at 180074 3cnbc or tweet me. In the face of declines, rallies and even just plain jane garden vare variety days in the market we just always guard against our own human emotions. But you often get the