Guess Who Was Buying HNZ Stock From Its Clients
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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"all your foreign policy is ours." I think in protest all zh'ers should stop buying anything that costs more than a dollar. We should also advertise only for things that cost a dollar...or less. "attack the cartel one penny at a time."
Carefull ringing that bell.......you might wake someone up at the SEC!
In case you haven't noticed, it's not insider trading when Goldman does it.
For some God awful reason the muppets will continue to keep their money with them.
It's a beautiful scam- if they're ever called to the mat on it, they can plead stupidity..... Pure Goldman.....
My drug dealer has more ethics than golman saks
by clients you meant "muppets" right??
It's a case of what's good for the joos, is not good for the gander.
the jooz can kiss 23% of my azz
"It's a case of what's good for the joos, is not good for the gander"
This wouldn't have anything to do with the reason the jews have been kicked out of nearly every country in Europe over the last 2000 yrs would it??
109 Locations whence Jews have been Expelled since AD250In this day and age it's impossible for SEC to regulate the flow of insider information. People simply have to accept that stock market is not a place to put your savings.
Very true, too many dirtbags to keep an eye on. And anyone willing to jump into the den of thieves deserves to get done dry.
Baloney. If the crooks that caused the financial crisis had been prosecuted and made to do hard time along side of Bubba, others might not be so quick to cheat seeing that there could be harsh consequences.
Take a wild guess? Hmmn. Lets see . . .
. . . how about,
Mabus?
The anti-christ superstar?
Beezlebum?
Da Bernank?
Isn't "Da Bernank" an order of demons in the Marriner Eccles chamber in the pit of Hell? I'm sure if we sift through some ancient Talmudic texts or ancient Greek/Latin texts of the Holy Bible, we'll find him mentioned somewhere in there...
Have no fear... No jews were harmed in this operation...
No beard...clearly St. Valentine's '12.
Check out the expressions of exertion -- WB7, this should have been accompanied by a "coffee/keyboard" warning.
Wait this time it is different. Nah the game never changes.
well at 28 billion and a P/E >30 they better be NO world wide depression in the coming five years; that P/E is like for Amazon.
This strikes me as a play by Buffett to hedge against rising interest rate risk. Consumer products tend to do well in such environments, due to inelasticity of demand.
Love those tattoos banzai7. Guys gotta acessorize, ya know.
Have no fear Super Moe will save the day. That kermit picture is priceless,
Do Goldman still have clients, really, I mean seriously, really. Fuckin' unbelievable.
hey you can have it back now. /sarc
Sorry, off topic,but... I know it has been asked before, but... I havent seen a fix, or change in settings to STOP THESE DAMN POPUPS!!! Please, Tyler.... anyone?
You have spyware.
Enable pop up blocker
Worst case: two years from now the squid will have to pay five percent of its profit on the position and blame it on a junior rogue analyst.
I wonder how much HNZ stock Mr. Obama acquired for his "blind" trust?
1,000 shares for each of the "57" states...
Goldmung Slacks slays more Muppets!
Don't think they had any inside information, do ya?
didn't uncle warren once own some nice shares of GS?
http://www.forbes.com/sites/afontevecchia/2011/07/07/warren-buffett-to-exercise-5b-goldman-sachs-warrants-in-2013/
didn't uncle warren once own some nice shares of GS?
My favorite line from the cited article:
"Buffett will continue to benefit from his $5 billion investment in Goldman Sachs during the financial crisis."
yep, he won't invest in internet stocks because he doesn't "understand them", but the wiley old prick sure does understand fraud!
But isn't that sort of illegal that they offer advice but are actually doing the opposite? Why are banks allowed to do illegal acts all over the planet ?
"Why are banks allowed to do illegal acts all over the planet ?"
Cause the Rothchild jews control the world. And if you complain they'll call you an 'anti-semite' !
(Even though they are turks and mongols and are NOT semitic, doesn't matter.)
"[The world] forgets, in its ignorance and narrowness
of heart, that when we sink, we become a revolutionaryproletariat, the subordinate officers of the revolutionaryparty; when we rise, there rises also the terrible power of thepurse." (The Jewish State, New York, 1917) "I am afraid the ordinary citizen will not like to betold that the banks can, and do, create money...And they whocontrol the credit of the nation direct the policy of Governments and hold in the hollow of their hands the destiny of the people." (Reginald McKenna, former Chancellor of the Exchequer, January 24, 1924)www.synagoguerising.comOnly 14% sells.....yet we are to believe one of those 14% , was Heinz......who just happened to get bought out by Becky Quick
Thanks Tylers. Your quest to liberate opprressed knowledge has turned GS into low hanging fruit. Outrageous but not surprising.
Does this mean i have to switch to Hunts ketchup?
Red Gold
God has made another BIG score !!!!
What a long strange trip its been, freek show daisy chain - you can't make this stuff up......
Buffet in bed with Blankfein and Becky, please don't turn on the lights.
Either coincidence or fraud. And i don´t believe in coincidences
Somebody show me where Goldman is indicated to be an advisor to any party in this transaction?
This post would make more sense if they were involvved in the deal, but alas, BoA and JPM and Well Fargo are the only firms listed.
With all due respect, don't be naive.
Dude, the fucking GS analyst had a fucking SELL rating on this stock since June of 2011--I would tell you to look at your Bloomberg Terminal, but clearly you get your info from Yahoo Finance.
So are you telling me the the GS prop desk was accumulating HNZ for nearly two fucking years in anticipation of this deal?
You guys are fucking amateurs.
You make a valid argument in pointing out GS's sell reco date, however that was not your original premise. You wrote that GS was not part of the deal and that it would make more sense if they were involved with the other M&A advisors. This statement implied, in my opinion, that GS would not be privy to the information flow concerning the deal. I was just pointing out the fallacy of that premise.
In my day, two former colleagues would get together for drinks at Harry's and that's all it would take to get the information from one firm to another. These days it's probably Ulysses on Pearl St. Having worked in M&A on the Street for over 17 years and then finally setting up my own shop in 2000, I speak from experience, not as an amateur. So next time make your strongest point first, because it was a good one, rather than saving it as a straw man argument after the fact.
And you are an apoligist for a rogue operation that would have been in dire straits without a taxpayer funded bailout enabled by Goldman's government insiders.
http://dailybail.com/home/bombshell-report-goldman-sachs-got-billions-fr...
and Lazard
Kerry text to Lavrov: Like that action? Answer the phone next time I call, prick.