Guess Who Was Buying HNZ Stock From Its Clients

Tyler Durden's picture


An investment bank having a Sell rating on a stock? Usually an unheard of thing: why alienate the management, why prevent future banking business - it's not like banks are ethical creatures - and sure enough in this particular case, the bank in question had sell recos on just 14% of the stocks in its coverage universe. Which begs the question: what does a Sell rating really accomplish? Well, in this case, and in all such cases, it merely provides the firm's prop, pardon flow, traders the opportunity to accumulate the shares its "clients" are advised by the same bank's sellside group  to Sell, preferably to the bank in question. Who are we talking about? Take a wild guess...

Bottom line: 20% gain for Goldman's prop traders who bought all the HNZ stock they indirectly "advised" their client counterparts to sell to them.

Is it time to buy all other Goldman "Sells" on imminent Buffet takeovers?

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Thu, 02/14/2013 - 10:59 | 3242962 Confundido
Confundido's picture

I shall short Goldman.

Thu, 02/14/2013 - 11:03 | 3242976 HoofHearted
HoofHearted's picture

I'm glad it was Government Sachs. I was afraid there was another firm out there trying to fuck everyone over. What? There ARE other firms? Well, shit. My faith in the whole system...oh nevermind. I never really did think much of TBTF and fascism.

Thu, 02/14/2013 - 11:08 | 3242992 Richard Chesler
Richard Chesler's picture

That these fuckers have "clients" is a tribute to human stupidity.

Thu, 02/14/2013 - 11:12 | 3243012 Shell Game
Shell Game's picture

"Stupid greed is as stupid greed does."  --Mamma Gump

Thu, 02/14/2013 - 11:25 | 3243049 Killtruck
Killtruck's picture

"Nest of schemin' bastards!" - Braveheart

Thu, 02/14/2013 - 11:44 | 3243117 William.M.Tweed
William.M.Tweed's picture

couldn't agree on the color of shite!!


The appearance of the law must be upheld, Especially when it's being broken

Thu, 02/14/2013 - 13:27 | 3243484 SafelyGraze
SafelyGraze's picture

the beauty of the advice is that the analysis is spot-on 

it's just that the recommendation came a bit early

perhaps could have been tweaked to say "sell *after* the transitory bump that will result from
fed --> banks --> berkshire --> hnzHolders

Thu, 02/14/2013 - 16:56 | 3244221 fourchan
fourchan's picture

kike job.

Thu, 02/14/2013 - 11:34 | 3243084 trebuchet
trebuchet's picture

Greed is the fear of missing out.

more powerful than the fear of getting F**ked

GS sorted this by making sure they have no fear to deal with 

1. use other peoples money

2. tell govts what to do, have your people in govt

3. have cash in your pocket - govt cash, investor cash, tax break cash, any which way you can get it cash....

4. do god's work


Thu, 02/14/2013 - 15:03 | 3243794 blindfaith
blindfaith's picture



A Simple redistribution of wealth from the top down.


Now all you who think something, one day, will happen to these bums best read your broker agreement.  If you buy one share of stock, you are considered a 'professional' and the broker has the right to choose the arborator and require YOU to surrender all finincial documents ( ALL not just with the brokerage) for the last 10 years including your bank records, credit cards, etc..  Think I am kidding? This is why ZIP has happened.

Thu, 02/14/2013 - 11:09 | 3243001 Spider
Spider's picture

Buffett is no better than Goldman - America's "Favorite" investor has blood on his hands.  Dont buy any of this "Buffett Investing" crap...

Thu, 02/14/2013 - 11:48 | 3243134 Groundhog Day
Groundhog Day's picture

I stopped drinking Coke and later all soda, Switched from colgate toothpaste to other brands, bought an electric razor so i don't have to pay Gilette, don't eat at Mcdnalds, yanked my money from wells fargo and now I can stop buying Heinz Ketchup.  Fuck u Buffet, bernanke, JPM et al.  I'm doing my part.  If 20% of the population did what i did this shit ends in 3-4 quarters.  Stop spending your money in conglomerates and buy local even if it is a bit more.  I get the satisfaction of knowing at least I'm helping a local business owner rather then some fat cat with an enormous salary, bonus and golden parachute if he/she fucks things up. Still trying to save on oil and gas.  I'll figure it out eventually

Thu, 02/14/2013 - 12:26 | 3243300 Big Corked Boots
Big Corked Boots's picture

I thought about boycotting Heinz ketchup (catsup) until I realized I haven't bought it in years... I get it from free restauraunt packets...

Thu, 02/14/2013 - 12:29 | 3243307 Blankenstein
Blankenstein's picture

Better yet, if 20% of the population would turn off the boob tube.  Just think if the constant flow of MSM propaganda, commercials and hollywood's version of reality were cut off.  TPTB would be in a fix.  

Thu, 02/14/2013 - 13:22 | 3243472 rosiescenario
rosiescenario's picture

well, when you are a pro politician and you needs to be re-elected every coupla years....who you gonna call? those elections take money....the more you be corrupt, the more money you need to gloss that over and sling more mud at any opposition. so at the day's end you got a sorta defacto facism in place....those with the gold make da rule.

Thu, 02/14/2013 - 11:19 | 3243030 waterwitch
waterwitch's picture

Why not short CPB?

Thu, 02/14/2013 - 11:21 | 3243034 whatsinaname
whatsinaname's picture

Anybody look at MDLZ 's balance sheet ? Did they get saddled with all the debt from the Kraft spin-off leaving the parent debt free ? 

Thu, 02/14/2013 - 15:20 | 3243813 blindfaith
blindfaith's picture

MY BIG question IS.....what the hell has Heinz got worth this price????  Did the old fart lose this mind?  Or was this to get some money into some political hands nice and clean?

Thu, 02/14/2013 - 11:00 | 3242964 Rubicon
Thu, 02/14/2013 - 11:03 | 3242981 redpill
redpill's picture

11. Thou shalt Bunga

Thu, 02/14/2013 - 11:19 | 3243032 new game
new game's picture

12. do as we say not as we do.

Thu, 02/14/2013 - 13:55 | 3243592 11b40
11b40's picture

I did not know Berlesconi was into little boys!

Thu, 02/14/2013 - 11:00 | 3242966 hedgeless_horseman
hedgeless_horseman's picture



Principal versus Agency, bitchezzz.

Thu, 02/14/2013 - 11:01 | 3242971 Divided States ...
Divided States of America's picture

that effin geezer really getting on my nerves.

Thu, 02/14/2013 - 11:13 | 3243008 hedgeless_horseman
hedgeless_horseman's picture



There is no injustice in a wolf acting like a wolf.  


There is only ignorance in the belief that a wolf will not act like a wolf.

Thu, 02/14/2013 - 11:15 | 3243023 new game
new game's picture

like a stihl chainsaw, after third pull and little varoom, that would be your sell signal, or well you know what the chainsaw will do....

Thu, 02/14/2013 - 11:32 | 3243061 hedgeless_horseman
hedgeless_horseman's picture



An investment bank having a Sell rating on a stock?

Only a fool would ask a pack of wolves where to winter his sheep.

Glass-Steagall was to help protect some of the foolish sheep, and we know what the wolves did to that sheepdog.

Thu, 02/14/2013 - 11:32 | 3243075 centerline
centerline's picture

The real question is what will be done to deal with the wolf problem?

Thu, 02/14/2013 - 11:49 | 3243128 hedgeless_horseman
hedgeless_horseman's picture



The wolf problem will continue as long as campaign contributions are bribery is legal and a select few control the money and the elections.

"Give me control of a nation's money and I care not who makes it's laws"


— Mayer Amschel Bauer Rothschild  



"I don't care who does the electing, so long as I get to do the nominating."


- Boss Tweed.

Thu, 02/14/2013 - 11:49 | 3243139 tip e. canoe
tip e. canoe's picture

a nice deterrent is to piss all around your boundary line.

Thu, 02/14/2013 - 11:31 | 3243073 fockewulf190
fockewulf190's picture

What happens to wolves who raid the herd one too many times.

Thu, 02/14/2013 - 11:43 | 3243086 hedgeless_horseman
hedgeless_horseman's picture



Bad news: all the sheepdogs have been killed, the ranchers have been disarmed, and poison is outlawed.

Don't be a sheep.  

Do blame the lawmakers that didn't prosecute the murderers, disarmed the ranchers, and outlawed poison.  HOLD THEM ACCOUNTABLE.

This will continue as long as campaign contributions are bribery is legal.

Thu, 02/14/2013 - 11:45 | 3243120 waterwitch
waterwitch's picture

Unless it's a coyote 

Thu, 02/14/2013 - 12:00 | 3243193 trebuchet
trebuchet's picture

being a wolf = acting like a wolf  = doing gods work 

Thu, 02/14/2013 - 23:06 | 3245314 mkhs
mkhs's picture

Yes, but which God?

Thu, 02/14/2013 - 14:43 | 3243727 MrBoompi
MrBoompi's picture

So I suppose I'm not ignorant by believing the SEC will do nothing about this?

Thu, 02/14/2013 - 15:16 | 3243837 Bandit und Buster
Bandit und Buster's picture

As regarding the Wolves... ?

Read Synagogue Rising! 

Thu, 02/14/2013 - 11:38 | 3242997 Shell Game
Shell Game's picture

Hold it, Own it, Bitchezz..


Edit:  for my down voter - the House ALWAYS wins. Go back to your casino, fucking heroin addicts.

Thu, 02/14/2013 - 11:01 | 3242968 ShortTheUS
ShortTheUS's picture

Muppets get wiped out again!!!! LOLZ

Thu, 02/14/2013 - 11:08 | 3242995 EscapeKey
EscapeKey's picture

Surely you mean "sophisticated investors".

Thu, 02/14/2013 - 13:20 | 3243467 killallthefiat
killallthefiat's picture

Classic, Kermit strung out on heroin in the gutter

Thu, 02/14/2013 - 16:46 | 3244158 Theosebes Goodfellow
Theosebes Goodfellow's picture

You know, that was the image in my brain when I read the title. But it wasn't a dead Kermit, it was a sodomized one. Call it...., Muppet rape.

Thu, 02/14/2013 - 11:02 | 3242970 LongSoupLine
LongSoupLine's picture

Fuck you Goldman. Fucking assholes. You all should be in fucking prison getting your asses torn open while holding fucking hand with Madoff. You fucking pig balls sucking pricks.

Thu, 02/14/2013 - 11:03 | 3242979 Ratscam
Ratscam's picture

are you angry?

Thu, 02/14/2013 - 11:20 | 3243033 new game
new game's picture

thinking soup is being nice today.

Thu, 02/14/2013 - 11:22 | 3243038 new game
new game's picture

you will know nice is over when the question is: is it safe? as the drill revs up.

Thu, 02/14/2013 - 16:36 | 3244088 goldenbuddha454
goldenbuddha454's picture

So Muppets like holding Goldman's Sack?

Thu, 02/14/2013 - 11:01 | 3242972 gamera9
gamera9's picture

Caveat venditor

Thu, 02/14/2013 - 11:01 | 3242973 virgilcaine
virgilcaine's picture

Insider Trading alert...ding ding ding.

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