Whitney Tilson: “Nelson Peltz, the activist who's coming in there advocating…”

“It's not really a turnaround, but, you know, it's a stock that's pretty well beaten down here. What's the catalyst that's going to cause earnings to really grow at this point? You've got Nelson Peltz, the activist who's coming in there advocating for board seats. Bob Iger's sort of telling him to go jump in a lake at this point. But there's definitely a big cost cutting push that's happening.” (47:27–47:31)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.