Introduction

Gerald Pascarelli: When you were buying on the illicit market, you're not paying excise taxes. If there is an illicit market dealer that's getting much better pricing on their wholesale, they're going to price that presumably in line with when you would pay a retail. Nelson Peltz has done a lot of food deals and says he doesn't like the term activist but that's kind of what he does. He takes big stakes and companies and then pushes for changes that he thinks can get their shares running.