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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disabledvet's picture

"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."

ZeroAvatar's picture

Carefull ringing that bell.......you might wake someone up at the SEC!

Titus's picture

In case you haven't noticed, it's not insider trading when Goldman does it. 

Dr. Engali's picture

For some God awful reason the muppets will continue to keep their money with them. 

jcaz's picture

It's a beautiful scam- if they're ever called to the mat on it, they can plead stupidity..... Pure Goldman.....

dick cheneys ghost's picture

My drug dealer has more ethics than golman saks

10044's picture

by clients you meant "muppets" right??

Mad Mohel's picture

It's a case of what's good for the joos, is not good for the gander.

dick cheneys ghost's picture

the jooz can kiss 23% of my azz

Bandit und Buster's picture

"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 AD250
YEAR . . . . . . . . . . . . . . . . . . . . . .PLACE 250 -- - - - - - - - - - - - - - - - Carthage 415 -- - - - - - - - - - - - - - - - Alexandria 554 -- - - - - - - - - - - - - - - - Diocèse of Clermont (France) 561 -- - - - - - - - - - - - - - - - Diocèse of Uzès (France) 612 -- - - - - - - - - - - - - - - - Visigoth Spain 642 -- - - - - - - - - - - - - - - - Visigoth Empire 855 -- - - - - - - - - - - - - - - - Italy 876 -- - - - - - - - - - - - - - - - Sens 1012 -- - - - - - - - - - - - - - - - Mainz 1182 -- - - - - - - - - - - - - - - - France 1182 -- - - - - - - - - - - - - - - - Germany 1276 -- - - - - - - - - - - - - - - - Upper Bavaria 1290 -- - - - - - - - - - - - - - - - England 1306 -- - - - - - - - - - - - - - - - France 1322 -- - - - - - - - - - - - - - - - France (again) 1348 -- - - - - - - - - - - - - - - - Switzerland 1349 -- - - - - - - - - - - - - - - - Hielbronn (Germany) 1349 -- - - - - - - - - - - - - - - - Saxony 1349 -- - - - - - - - - - - - - - - - Hungary 1360 -- - - - - - - - - - - - - - - - Hungary 1370 -- - - - - - - - - - - - - - - - Belgium 1380 -- - - - - - - - - - - - - - - - Slovakia 1388 -- - - - - - - - - - - - - - - - Strasbourg 1394 -- - - - - - - - - - - - - - - - Germany 1394 -- - - - - - - - - - - - - - - - France 1420 -- - - - - - - - - - - - - - - - Lyons 1421 -- - - - - - - - - - - - - - - - Austria 1424 -- - - - - - - - - - - - - - - - Fribourg 1424 -- - - - - - - - - - - - - - - - Zurich 1424 -- - - - - - - - - - - - - - - - Cologne 1432 -- - - - - - - - - - - - - - - - Savoy 1438 -- - - - - - - - - - - - - - - - Mainz 1439 -- - - - - - - - - - - - - - - - Augsburg 1442 -- - - - - - - - - - - - - - - - Netherlands 1444 -- - - - - - - - - - - - - - - - Netherlands 1446 -- - - - - - - - - - - - - - - - Bavaria 1453 -- - - - - - - - - - - - - - - - France 1453 -- - - - - - - - - - - - - - - - Breslau 1454 -- - - - - - - - - - - - - - - - Wurzburg 1462 -- - - - - - - - - - - - - - - - Mainz 1483 -- - - - - - - - - - - - - - - - Mainz 1484 -- - - - - - - - - - - - - - - - Warsaw 1485 -- - - - - - - - - - - - - - - - Vincenza (Italy) 1492 -- - - - - - - - - - - - - - - - Spain 1492 -- - - - - - - - - - - - - - - - Italy 1495 -- - - - - - - - - - - - - - - - Lithuania 1496 -- - - - - - - - - - - - - - - - Naples 1496 -- - - - - - - - - - - - - - - - Portugal 1498 -- - - - - - - - - - - - - - - - Nuremberg 1498 -- - - - - - - - - - - - - - - - Navarre 1510 -- - - - - - - - - - - - - - - - Brandenberg 1510 -- - - - - - - - - - - - - - - - Prussia 1514 -- - - - - - - - - - - - - - - - Strasbourg 1515 -- - - - - - - - - - - - - - - - Genoa 1519 -- - - - - - - - - - - - - - - - Regensburg 1533 -- - - - - - - - - - - - - - - - Naples 1541 -- - - - - - - - - - - - - - - - Naples 1542 -- - - - - - - - - - - - - - - - Prague & Bohemia 1550 -- - - - - - - - - - - - - - - - Genoa 1551 -- - - - - - - - - - - - - - - - Bavaria 1555 -- - - - - - - - - - - - - - - - Pesaro 1557 -- - - - - - - - - - - - - - - - Prague 1559 -- - - - - - - - - - - - - - - - Austria 1561 -- - - - - - - - - - - - - - - - Prague 1567 -- - - - - - - - - - - - - - - - Wurzburg 1569 -- - - - - - - - - - - - - - - - Papal States 1571 -- - - - - - - - - - - - - - - - Brandenburg 1582 -- - - - - - - - - - - - - - - - Netherlands 1582 -- - - - - - - - - - - - - - - - Hungary 1593 -- - - - - - - - - - - - - - - - Brandenburg, Austria 1597 -- - - - - - - - - - - - - - - - Cremona, Pavia & Lodi 1614 -- - - - - - - - - - - - - - - - Frankfort 1615 -- - - - - - - - - - - - - - - - Worms 1619 -- - - - - - - - - - - - - - - - Kiev 1648 -- - - - - - - - - - - - - - - - Ukraine 1648 -- - - - - - - - - - - - - - - - Poland 1649 -- - - - - - - - - - - - - - - - Hamburg 1654 -- - - - - - - - - - - - - - - - Little Russia (Beylorus) 1656 -- - - - - - - - - - - - - - - - Lithuania 1669 -- - - - - - - - - - - - - - - - Oran (North Africa) 1669 -- - - - - - - - - - - - - - - - Vienna 1670 -- - - - - - - - - - - - - - - - Vienna 1712 -- - - - - - - - - - - - - - - - Sandomir 1727 -- - - - - - - - - - - - - - - - Russia 1738 -- - - - - - - - - - - - - - - - Wurtemburg 1740 -- - - - - - - - - - - - - - - - Little Russia (Beylorus) 1744 -- - - - - - - - - - - - - - - - Prague, Bohemia 1744 -- - - - - - - - - - - - - - - - Slovakia 1744 -- - - - - - - - - - - - - - - - Livonia 1745 -- - - - - - - - - - - - - - - - Moravia 1753 -- - - - - - - - - - - - - - - - Kovad (Lithuania) 1761 -- - - - - - - - - - - - - - - - Bordeaux 1772 -- - - - - - - - - - - - - - - - Deported to the Pale of Settlement (Poland/Russia) 1775 -- - - - - - - - - - - - - - - - Warsaw 1789 -- - - - - - - - - - - - - - - - Alsace 1804 -- - - - - - - - - - - - - - - - Villages in Russia 1808 -- - - - - - - - - - - - - - - - Villages & Countrysides (Russia) 1815 -- - - - - - - - - - - - - - - - Lbeck & Bremen 1815 -- - - - - - - - - - - - - - - - Franconia, Swabia & Bavaria 1820 -- - - - - - - - - - - - - - - - Bremen 1843 -- - - - - - - - - - - - - - - - Russian Border Austria & Prussia 1862 -- - - - - - - - - - - - - - - - Areas in the U.S. under General Grant's Jurisdiction[1] 1866 -- - - - - - - - - - - - - - - - Galatz, Romania 1880s - - - - - - - - - - - - - - - - Russia 1891 -- - - - - - - - - - - - - - - - Moscow 1919 -- - - - - - - - - - - - - - - - Bavaria (foreign born Jews) 1938-45 - - - - - - - - - - - - - - Nazi Controlled Areas 1948 -- - - - - - - - - - - - - - - - Arab Countries

Reference sources for the above.

[1] On December 17, 1862, General Ulysses Grant wrote to the Assistant Adjutant General of the US Army:

"I have long since believed that in spite of all the vigilance that can be infused into post commanders, the specie regulations of the Treasury Department have been violated, and that mostly by the Jews and other unprincipled traders. So well satisfied have I been of this that I instructed the commanding officer at Columbus to refuse all permits to Jews to come South, and I have frequently had them expelled from the department. But they come in with their carpet-sacks in spite of all that can be done to prevent it. The Jews seem to be a privileged class that can travel anywhere. They will land at any woodyard on the river and make their way through the country. If not permitted to buy cotton themselves, they will act as agents for someone else, who will be at a military post with a Treasury permit to receive cotton and pay for it in Treasury notes which the Jew will buy at an agreed rate, paying gold."

meizu's picture

In 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.

Mad Mohel's picture

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.

Blankenstein's picture

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. 

Lord Of Finance's picture

Take a wild guess? Hmmn. Lets see . . .

 

. . . how about,

 

Mabus?

 

The anti-christ superstar?

 

Beezlebum?

 

Da Bernank?

web bot's picture

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...

francis_sawyer's picture

Have no fear... No jews were harmed in this operation...

Fredo Corleone's picture

No beard...clearly St. Valentine's '12.

Check out the expressions of exertion -- WB7, this should have been accompanied by a "coffee/keyboard" warning.

GTO's picture

Wait this time it is different. Nah the game never changes.

falak pema's picture

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. 

Thisson's picture

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.

Careless Whisper's picture

Love those tattoos banzai7. Guys gotta acessorize, ya know.

Dewey Cheatum Howe's picture

Have no fear Super Moe will save the day. That kermit picture is priceless,

jmcadg's picture

Do Goldman still have clients, really, I mean seriously, really. Fuckin' unbelievable.

Everybodys All American's picture

hey you can have it back now. /sarc

wchild's picture

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?

Non Passaran's picture

You have spyware.
Enable pop up blocker

Bastiat's picture

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.

djsmps's picture

I wonder how much HNZ stock Mr. Obama acquired for his "blind" trust?

francis_sawyer's picture

1,000 shares for each of the "57" states...

ebworthen's picture

Goldmung Slacks slays more Muppets!

Don't think they had any inside information, do ya?

toys for tits's picture

 

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."

Mrmojorisin515's picture

yep, he won't invest in internet stocks because he doesn't "understand them", but the wiley old prick sure does understand fraud!

Platinum_Investor's picture

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 ?

Bandit und Buster's picture

"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.com
Seasmoke's picture

Only 14% sells.....yet we are to believe one of those 14% , was Heinz......who just happened to get bought out by Becky Quick

 

 

Henry Chinaski's picture

Thanks Tylers.  Your quest to liberate opprressed knowledge has turned GS into low hanging fruit.  Outrageous but not surprising.

CaptainSpaulding's picture

Does this mean i have to switch to Hunts ketchup?

Seasmoke's picture

God has made another BIG score !!!!

El Hosel's picture

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.

Melson Nandela's picture

Either coincidence or fraud. And i don´t believe in coincidences

Cone of Uncertainty's picture

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.

 

AlaricBalth's picture

With all due respect, don't be naive.

Cone of Uncertainty's picture

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.

AlaricBalth's picture

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.

Blankenstein's picture

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...

Bastiat's picture

Kerry text to Lavrov:  Like that action?  Answer the phone next time I call,  prick.