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What Did Goldman's Heather Bellini Know About GOOG That Noone Else Did?

Tyler Durden's picture





 

44 analysts cover Google. 82% are Buys. Average Target Price is $811. The lowest and least herd-like was Heather Bellini of Goldman Sachs who has had a $660 price target (which is where GOOG is implied to trade currently) since 8/13/12. We wonder what Capstone's Rory Maher is thinking today with his $910 target?

 

 

Chart: Bloomberg

 


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Thu, 10/18/2012 - 14:13 | Link to Comment ACP
ACP's picture

Does she work for Nancy Pelosi?

Thu, 10/18/2012 - 14:16 | Link to Comment vast-dom
vast-dom's picture

GOOGLUCK with that.

Thu, 10/18/2012 - 14:19 | Link to Comment Water Is Wet
Water Is Wet's picture

Check out @PendingLarry.  Don't know if that's been linked here yet.

"Man, our privacy was WAY violated today."

Thu, 10/18/2012 - 14:21 | Link to Comment redpill
redpill's picture

I say sir, this is quite an offensive article.  Are you suggesting the morally-unassailable God's-work-doing model institution known as Goldman Sachs would frontrun the market based on non-public information?

Thu, 10/18/2012 - 14:24 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

Some analysts just have a knack for predicting the markets. Analysts at top tier investment banks are incredibly smart, and are in a class of their own. I don’t pretend to be in their league, so I manage my risk very carefully. My portfolio is constructed according to a risk pyramid. The majority of my capital sits at the bottom of the pyramid in risk free US treasuries. At the next level, I have a well diversified portfolio of blue chip US equities. Picking individual stocks can be risky, but educated investors are able to eliminated risk using Modern Portfolio Theory for optimal asset allocation. Finally, at the top of the pyramid I have an assortment of more risky speculative positions. Some of my current speculative positions include an S&P futures long position and a VIX ETF short, both of which have been extremely profitable.  

Thu, 10/18/2012 - 14:25 | Link to Comment redpill
redpill's picture

Don't sell yourself short MDB, I'm sure the squid will be calling you with a job offer any day now...

Thu, 10/18/2012 - 14:49 | Link to Comment larz
larz's picture

cmon red he already works there my friend

Thu, 10/18/2012 - 14:27 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Please tell us how your FB stock has performed YTD...

Thu, 10/18/2012 - 14:32 | Link to Comment redpill
redpill's picture

It's not his fault, it was the domestic terrorist stock sellers, short sellers, and speculators.  Of course as "acts of terror" go, this one scared Wall Street more than any poor sonofabitch US ambassador getting raped and murdered in the dusty streets of a middle eastern shithole.  See, massive Google earnings misses actually pose a danger to their lifestyle of nailing Ukranian hookers and snorting coke out of their belly buttons, whereas dead Americans in Libya really don't make it on the radar.

Thu, 10/18/2012 - 14:39 | Link to Comment malikai
malikai's picture

I would like an update for my collection:

 

 

MillionDollarBonus_ Tue, 05/18/2012 - 09:33 -

I predicted this from the start. FB is the AAPL, and any price below $100 is CHEAP. You may laugh at me now, but I'll be laughing when it's trading at $200 and you doomers are chasing the market.

MillionDollarBonus_ Tue, 05/18/2012 - 11:12 -

Everyone is excited about this historic IPO except for lame uptight doomer libertarians. FB is a fresh new IPO - perfect for young investors just getting started and looking to build a respectable but forward looking portfolio. This is a great day for hip, upmarket investors, but a sad day for envious and bitter and sulking rednecks.

MillionDollarBonus_ Tue, 05/22/2012 - 08:45 -

Bought another 300 shares yesterday - taking advantage of this discount. It's all about dollar-cost averaging. My average entry is now at $38 so I'm in the same boat as most of the top buy-side bidders at the original offering.

MillionDollarBonus_ Tue, 05/29/2012 - 10:42 -

$30 should be solid psychological support. Bought another 500 shares this morning - The value is off the charts here. This cannot last much longer. This is the social networking revolution - older people just don't get it.

MillionDollarBonus_ Thu, 08/16/2012 - 10:20 -

For long term value investors, this is just short-term noise. This is a great dip-buying opportunity – and honestly, who cares whether you pay $19 or $40 when the long term price target is in the $100s???

MillionDollarBonus_ Fri, 08/17/2012 - 16:32 -

You idiots talk about the sell off as if this is just normal market activity ... this is a JOKE. How the HELL can the SEC just stand by and watch while these manipulative short sellers hammer the stock into the ground???

 

Thu, 10/18/2012 - 15:04 | Link to Comment nope-1004
nope-1004's picture

I suggest MDB keep averaging down on his FB.  So he was ave at $38.... keep buying now so then your ave. will be $29.  MDB, you'd be stupid not to, but that's just me, the doomer libertarian.  I'm not 'in the know' and a financial genious like you.

+1 Malikai

Thu, 10/18/2012 - 15:12 | Link to Comment wagthetails
wagthetails's picture

excellent idea...since MDB love FB so much, someone needs to start a MDB "greatest hits" facebook page.  just think of the merchandizing opportunities. 

Thu, 10/18/2012 - 16:56 | Link to Comment warezdog
warezdog's picture

@Malikai about MDB

 

That my friend is effing HILARIOUS!! If that doesn't put him in his place then he definately has a seat somewhere in the GS house!

Thu, 10/18/2012 - 17:08 | Link to Comment skyun
skyun's picture

Why are you dissing my man MDB... He is doing such a fine job by himself. 

Love it. 

Fri, 10/19/2012 - 06:54 | Link to Comment crito
crito's picture

excellent work malikai

Thu, 10/18/2012 - 14:56 | Link to Comment LongSoupLine
LongSoupLine's picture

The majority of my capital sits at the bottom of the pyramid in risk free US treasuries.

 

I just shit myself and blew coffee out my nose.  Thanks for the funny MDB!

Thu, 10/18/2012 - 14:18 | Link to Comment nope-1004
nope-1004's picture

Insider trading is the only way today.  The US capital markets are a cesspool of fraud and insider trading.  And since most of us aren't on the inside, why bother.  Nancy Pelosi is like Hillary Clinton - a pathological liar.

 

Thu, 10/18/2012 - 14:19 | Link to Comment malikai
malikai's picture

She works for Goldman.

Pelosi also works for Goldman.

So you could call them colleagues.

Thu, 10/18/2012 - 14:43 | Link to Comment redpill
redpill's picture

How about littermates.

 

Joke of the day, what did the dirty old man find in the used panties of female Goldman executives?

 

 

 

 

 

 

 

 

 

 

squidmarks!

 

Thank you thank you, I'll be here all week folks.  Tip your waitresses!

Thu, 10/18/2012 - 14:13 | Link to Comment Wakanda
Wakanda's picture

Roll me in the Heather.

Thu, 10/18/2012 - 15:10 | Link to Comment redpill
redpill's picture

Heather doesn't sound like a Ukranian name...

Thu, 10/18/2012 - 14:14 | Link to Comment ziggy59
ziggy59's picture

Hes thinking he shoulda did her when he had the opportunity. Cause now hes really effd and not in a pleasurable way

Thu, 10/18/2012 - 14:15 | Link to Comment kaa1016
kaa1016's picture

The earnings had to justify why the stock was up from $593 last earnings release to where it was today. It clearly didn't do that. At least one analyst had it right.

Thu, 10/18/2012 - 14:28 | Link to Comment sdmjake
sdmjake's picture

She was probably just out on maternity leave or something for a few months and never updated her numbers...

Then again maybe she is an actual analyst that employs critical thinking. Perhaps one to watch...

Thu, 10/18/2012 - 15:01 | Link to Comment LongSoupLine
LongSoupLine's picture

 

 

She's the tolken corporate "contrarian" that GS digs up when things go bad so they can say, "see, we told you so."

Thu, 10/18/2012 - 14:17 | Link to Comment Zen Bernanke
Zen Bernanke's picture

I should have been an analyst.  get paid the big bucks for simply copying someone else's work and pawning it off as your own because with 82% publicizing the wrong analysis, being right is of little consequence these days. 

Thu, 10/18/2012 - 14:19 | Link to Comment insanelysane
insanelysane's picture

I think I wrote the same thing the other day.

Thu, 10/18/2012 - 14:21 | Link to Comment onebir
onebir's picture

I think I'm writing it tomorrow.

Thu, 10/18/2012 - 14:28 | Link to Comment onelight
onelight's picture

So right...most do little homework, little enough that even a glance at technical analysis can have you closer to reality. 

For GOOG that means looking at potential wave pattern on weekly and monthly chart and saying, yeah OK 810 is reasonable by that one single standard...maybe...  then you look at bollinger bands and price going into earnings was well over 2 standard deviations above the center bollinger line (20ma) -- and same by other stddev measures -- AND over 2x the keltner channel on both Weekly and Monthly chart and well that stuff just does not go on forever...an 8 year old kid could point it out..

Technical analysis gets misused by goofballs but there are times when the standard deviation stuff just screams for mean reversion --  but hey the geniuses keep saying up, up up which is only meaningful in Dr Seuss books

Thu, 10/18/2012 - 14:16 | Link to Comment PUD
PUD's picture

anal(ysts) 

Thu, 10/18/2012 - 14:16 | Link to Comment Dburn
Dburn's picture

Analyst's had GOOG's earnings at $10.65. They missed by 15%. All things being equal that should knock that share price down to 645.00. 

 

There was some pretty shitty fundamental breakdowns with margin compression on all lines of business. There was nothing in the report that could be viewed by even Jim Cramer that would call for a "screaming buy". Maybe a shorterm bounce at oh $620,00 after the great Hedge fund panic and Great Hedge fund margin call is done which means Apple may see $600 per share befor 10/24. Holy shit if they miss.  

Thu, 10/18/2012 - 14:19 | Link to Comment GFORCE
GFORCE's picture

Cramer doesn't need fundamentals for a buy!

Thu, 10/18/2012 - 15:34 | Link to Comment combatsnoopy
combatsnoopy's picture

Silly, Bellini had her price at $660.  All Google did was knock down the price for their advertisers. . We're still in a recession.

All I want to know is why are their estimates so high?  

Thu, 10/18/2012 - 14:20 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

I want to punch the people that are bitching about earnings coming out while the market is open.  Like itfucking matters, it doesn't change anything.  So it's down 10 percent after hours, you can't do shit about it then, at least you have a chance when it comes out while the market is open.

Thu, 10/18/2012 - 14:20 | Link to Comment insanelysane
insanelysane's picture

The front running HFTs care because they don't get to order their trades before the open.  The are reordering the trades now which is why trading halts.

Thu, 10/18/2012 - 14:39 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

And of course the specialist/market maker can't posiition themselves to rip everyone off. 

Thu, 10/18/2012 - 14:21 | Link to Comment CloseToTheEdge
CloseToTheEdge's picture

RRD -.78%

can't make this shit up !

Thu, 10/18/2012 - 14:23 | Link to Comment walküre
walküre's picture

Drum roll!!!

Here's the GS connection. GS making their Q4 killings right now.

Thu, 10/18/2012 - 14:28 | Link to Comment dwdollar
dwdollar's picture

Liquidity............................................. where could you be???

Thu, 10/18/2012 - 14:58 | Link to Comment PUD
PUD's picture


Market talk that Goldman Sachs (GS) are suggesting to get long Google (GOOG) once they reopen - Unconfirmed

Thu, 10/18/2012 - 14:59 | Link to Comment azzhatter
azzhatter's picture

I hope you're not implying that there is dishonesty on Wall Street? This would be a real confidence crusher.

Thu, 10/18/2012 - 15:02 | Link to Comment csmith
csmith's picture

she got a phone call.

Thu, 10/18/2012 - 15:01 | Link to Comment onebir
onebir's picture

Stolping is to Stolper as ___ is to Bellini.

Thu, 10/18/2012 - 15:02 | Link to Comment Tsunami Wave
Tsunami Wave's picture

This is Goldman we're talking about.  They are omniscent.  They know all.  They control all. 

Now every man shall kneel, and every tounge confess:  Goldman runs the world!

Thu, 10/18/2012 - 15:06 | Link to Comment JohnKing
JohnKing's picture

Maybe she is connected:

 

CNBC's Jon Fortt reported that, based on conversations with people in the financial community, Google "has been calling around for the past couple of days trying to prepare analysts for this report not to look so great — trying to skew their attention towards certain numbers that might not make this look as bad as it does right now."

Read more: http://www.businessinsider.com/cnbc-google-has-been-calling-analysts-2012-10#ixzz29gA3VbHV

 

Thu, 10/18/2012 - 15:05 | Link to Comment Lax Accounting
Lax Accounting's picture

GOOG to resume trading at 3:20 eastern

Thu, 10/18/2012 - 15:10 | Link to Comment Haager
Haager's picture

Isn't there a chance to blame Iran?

Thu, 10/18/2012 - 15:11 | Link to Comment holgerdanske
holgerdanske's picture

Wanted to see how this Belinni lady looks. Googled her. Google down??

 

Another fine mess.

Thu, 10/18/2012 - 15:37 | Link to Comment Mad Mohel
Mad Mohel's picture

You piqued my interest. Having looked her up, she'd do for a brown bag blow.

Thu, 10/18/2012 - 15:26 | Link to Comment Chippewa Partners
Chippewa Partners's picture

MDB...."risk free U.S Treasuries".......now there's some critical thinking. 

Thu, 10/18/2012 - 16:21 | Link to Comment Marley
Marley's picture

"noone" UrbanDictionary.com: "Most commonly used by people who acquired their literary skills in online chat rooms."

Thu, 10/18/2012 - 16:46 | Link to Comment Go Tribe
Go Tribe's picture

Maybe she got a tip from Candy Crowley.

Thu, 10/18/2012 - 23:13 | Link to Comment GNWT
GNWT's picture

funniest thread ever

 

thanks all

Fri, 10/19/2012 - 10:21 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

CLEARLY MDB was all over this - dump nonsense like gold and google and switch to highly reliable Treasuries! LOL

... right after this line of lysergic metho-caine ....

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