Recordings from 2003 have
surfaced of superstar Michael Jackson giving possible stock
advice to an anonymous source:
We must move as fast as we can
because the, on the film side of it, ah, I don't know if you have
been reading the paper... but Marvel already have sold off their
internet rights and the fact that stock is so low now. They
put out Spider-Man, now they got Incredible Hulk coming, they got
X-Men 2 coming and they also got Spider-Man 2 coming. It is going
to jump, it's going to change! I mean, you know... and this huge
frenzy for superheroes... and all the things we can do... I wanna
get in before the stocks... we have to jump in now. The timing is
perfect."
It's unclear if the recording was a direct recommendation to buy
the stock, attempt to take-over the company, or another related
venture, and certainly there is no direct evidence that Mr. Jackson
bought or held Marvel Entertainment (NYSE:MVL)
stock. But the fact that he was possibly pushing the stock to
someone in 2003 when it had risen over 650% since that time shows
he was right about the value of the company and its business, just
as he was right in acquiring the Beatles catalogue.
Jackson was previously a part of a
group of investors, including former Marvel head Stan Lee and
his business partner Peter Paul, who altogether tried to buy Marvel
as early as 1992 but failed. The 2003 tape reveals that
Jackson believed Marvel's stock price was cheap even in 2003, when
its market cap was at around a half billion. Marvel
was…