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Dick Bove Cuts Goldman Price Target From $200 To $182

Tyler Durden's picture




 

For the three dumbest money mutual fund managers who still listen to this "analyst", this is probably news. He also cuts the company's EPS estimates. The four main risks he sees to GS are: European debt situation, weak current business environment, lack of formal regulation bill, and SEC civil lawsuit. And that's all the time we'll dedicate to Dick "Buy Lehman" Bove.

 

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Fri, 06/04/2010 - 14:48 | 395463 Sudden Debt
Sudden Debt's picture

In what dimension will GS go to 182 this year?

Fri, 06/04/2010 - 16:35 | 395799 BlackBeard
BlackBeard's picture

The dimension we just left.

Fri, 06/04/2010 - 17:15 | 395894 knukles
knukles's picture

What a Snake!  Trashed my July $275 Calls.
(Muttering under breath; "Maybe better never listen to him again, he was so good till now.")

Fri, 06/04/2010 - 14:51 | 395469 ratava
ratava's picture

time to end this whole farcional reserve banking charade

Fri, 06/04/2010 - 14:51 | 395472 godfader
godfader's picture

Dick "At $15 Lehman is a screaming buy!!!!" Bove. Wow, can't say I'm shocked.

Fri, 06/04/2010 - 16:40 | 395809 Al Huxley
Al Huxley's picture

I wonder if he believes his own bullshit.  Or maybe he just forgets his predictions immediately after he makes them, so he never has any sense of how abysmal they are. 

Fri, 06/04/2010 - 14:53 | 395485 partimer1
partimer1's picture

as a human being, if shame does not exist to that person, nothing really matters. 

Fri, 06/04/2010 - 15:06 | 395535 Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

Shame is in very short supply on Wall Street and in Washington, D.C.

Fri, 06/04/2010 - 14:55 | 395493 Bam_Man
Bam_Man's picture

I cut Dick Bove's target price to "zero" a long time ago.

Fri, 06/04/2010 - 16:05 | 395707 WaterWings
WaterWings's picture

He owes a lot of people money. Those two Richards. More like Slick Willies.

That's all you got, Dick? Only those four? Wonder what Fuld thinks.

Fri, 06/04/2010 - 19:29 | 396159 trav7777
trav7777's picture

I'd like to cut Dick Bove...in half

Fri, 06/04/2010 - 14:56 | 395495 John McCloy
John McCloy's picture

Obviously Bove expects them to see earnings deterioration due in part to being able to commit less fraud in the upcoming quarters.

Fri, 06/04/2010 - 14:56 | 395496 cowdiddly
cowdiddly's picture

moral of the story "Don't be a Dick"

Fri, 06/04/2010 - 14:57 | 395502 Rider
Rider's picture

+1

Fri, 06/04/2010 - 14:57 | 395500 taraxias
taraxias's picture

I disagree. No one listens to this dimwit, not even the dumbest 3 mutual fund managers.

Fri, 06/04/2010 - 14:58 | 395507 nope-1004
nope-1004's picture

waste of IP band width

 

 

 

Fri, 06/04/2010 - 15:00 | 395514 DeweyLeon
DeweyLeon's picture

In a later interview one can clearly see Bove with a cast on his leg.  When the interviewer asked how the injury occured Bove stated he stepped into his ass and twisted his ankle. He was quickly corrected by someone off camera who pointed out that that it was not his ass he stepped into but, in fact, was a hole in the ground.  At that point Bove laughs and states, "I get those two confused all the time."

Fri, 06/04/2010 - 15:04 | 395528 Prof Gulliver
Prof Gulliver's picture

He also cut Citi from "buy of the century" to "buy of the half-century," lowering his target from $50 a share to $49.99.

Fri, 06/04/2010 - 15:05 | 395532 Turd Ferguson
Turd Ferguson's picture

Dick Bove is a douchebag, rivaled only by Jim O'Neill.

Fri, 06/04/2010 - 15:05 | 395533 sheeple
sheeple's picture

someone should cut bove off air and queue him in on the unemployment and food stamp lines

Fri, 06/04/2010 - 15:13 | 395556 Cursive
Cursive's picture

To the list of risks, I would add prolonged and deep sell-off of all risk assets, i.e. MBS, corporate bonds, interest rates swaps, equities, soft commodities, base metals and resulting counterparty risk.  IOW, I don't think the FICC miracle that they've been touting will continue.

Fri, 06/04/2010 - 15:21 | 395577 Fish Gone Bad
Fish Gone Bad's picture

I still remember Bove and his pumping Lehman.  His mother must be really proud of him.

Fri, 06/04/2010 - 17:19 | 395908 knukles
knukles's picture

His Dad introduced me to his Mom once.  Nice little old lady, about 101 and believe it or not, pregnant!  Saw him a couple of weeks later and asked how she was.  Said she died, but they saved the baby. 

Fri, 06/04/2010 - 15:23 | 395584 Caviar Emptor
Caviar Emptor's picture

When junk bonds go (and spreads blew wide today), then hello double dip

Fri, 06/04/2010 - 15:24 | 395589 carbonmutant
carbonmutant's picture

 He should co-host Mad Money with his buddy Jimbo...

Fri, 06/04/2010 - 15:25 | 395592 Caviar Emptor
Caviar Emptor's picture

Bove: dines with Prince Alwaleed

Fri, 06/04/2010 - 15:26 | 395594 Rick64
Rick64's picture

Dick Bove's only rival is Cramer. I can't figure out which one is the stupidest.

Fri, 06/04/2010 - 15:38 | 395634 Screwball
Screwball's picture

Some of the Fast Money pumpers are just as bad.  Joe "buy everything in the world" Terranova comes to mind.

Fri, 06/04/2010 - 16:21 | 395763 Rick64
Rick64's picture

Yes there is some stiff competition.

Fri, 06/04/2010 - 15:39 | 395637 chunkylover42
chunkylover42's picture

do reverse splits count as reaching your PT?

Fri, 06/04/2010 - 15:57 | 395697 Hephasteus
Hephasteus's picture

Why downgrade and upgrade goldman. They are the epitome of too much or nothing. Either it's going to be 280 or it's going to be jail.

Fri, 06/04/2010 - 16:16 | 395749 GS is short Gold
GS is short Gold's picture

His name isn't even Richard Bove. They just call him "Dick" because it fits. I just thought of something, Harry Wanker's on the right side of the trade again, g'dammit!!

Fri, 06/04/2010 - 16:28 | 395785 tao400
tao400's picture

So when Goldman gets to 90, he will lower his estimate to 160 or something like that. Both Bloomberg and CNBC treat him like a god. After that Lehman call, how can they even have him on. It's like Abbey the stock market is going to the moon Cohen. Goldman had to demote her before CNBC stopped having her on, though she still shows up once and a while. Don't know why since she seems to me to always be wrong.

Fri, 06/04/2010 - 17:36 | 395950 Circumspice
Circumspice's picture

The best call still has to be "the financial crisis is over" in March 2008 just after Bear collapsed. God I love that one.

Fri, 06/04/2010 - 17:58 | 395997 williambanzai7
williambanzai7's picture

Why can't we solve the energy crisis by attaching this bag of gas to a pipe?

Sat, 06/05/2010 - 23:25 | 397386 Dr Hackenbush
Dr Hackenbush's picture

One of the reddest days of the year and GS was ZOMBIE green most the day on another "settlement" RUMOR. Makes one wonder if "Buy Dick" generated this little rumor before selling some of HIS shares - the world will never know, nor even care apparently. 

 

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