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Muppet Slaughter: Goldman Removes Adidas From Its "Conviction Buy" List Minutes After Its Biggest Drop In History

Tyler Durden's picture




 

As reported earlier, following some horrifying guidance German sportswear titan Adidas tumbled by the most ever, blaming not the weather, or the World Cup, but Russia (leading some to wonder just who will be shouldering all those "costs" Obama refers to during every teleprompted appearance).

What we didn't mention is that today's record massacre of Adidas longs happened minutes before Goldman decided, after the fact to remove the company from its "Conviction Buy" list (but still kept the stock that has lost 18% in the past year at a Buy).

To wit: "We remove adidas from the Conviction List following the company reducing FY14 net income guidance (to €650mn from €830mn), resulting in 33%/40%/46% cuts to our FY14-16 earnings estimates. Our new 12-month price target is €77.5. Since being added to the Conviction List on October 18, 2013, the shares are -16.1% vs. FTSE World Europe index +6.7%. We also remove the stock from the Directors of Research Focus List."

What can one possibly add here to the following well-known image which says it all.

 

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Thu, 07/31/2014 - 10:35 | 5027145 Cortez
Cortez's picture

It's not worth it when you factor in the cost of AIDS treatment.

Thu, 07/31/2014 - 10:40 | 5027165 cifo
cifo's picture

How many muppets are left to slaughter anyway?

Thu, 07/31/2014 - 10:49 | 5027204 Headbanger
Headbanger's picture

Die muppet scum! 

DIE! DIE! DIE!

Thu, 07/31/2014 - 11:11 | 5027322 Otto Zitte
Otto Zitte's picture

You're supposed to train them and lead them. Not much good banging your head against your kbd...

Thu, 07/31/2014 - 11:28 | 5027415 lordylord
lordylord's picture

If you own stocks, if you're playing their game, if you're helping to prop up the ponzi, you deserve to lose your money.

Thu, 07/31/2014 - 11:47 | 5027506 Otto Zitte
Otto Zitte's picture

They're muppets. They'll do whatever you can convince them. It would be a waste to use them to prop up ponzis. You can do that with a PC.

Thu, 07/31/2014 - 12:14 | 5027642 Headbanger
Headbanger's picture

Yeah I know but I actually LIKE banging my head on my kbd..

Cause it feels so good when I stop!

Thu, 07/31/2014 - 10:59 | 5027255 PartysOver
PartysOver's picture

Lots of idiots left.  Only Q is when do they demand their bailout

Thu, 07/31/2014 - 18:02 | 5029667 StychoKiller
StychoKiller's picture

Quick, close that barn door!  (Now, where'd I put dem horseys?)

Thu, 07/31/2014 - 10:41 | 5027168 bigdumbnugly
bigdumbnugly's picture

well good that idiot forensics guy's post has been removed.

 

but can someone please forward the most recent goldman conviction list to his sister's friend?

she seems to now have a lot of risk capital to lose...

Thu, 07/31/2014 - 10:36 | 5027149 PlusTic
PlusTic's picture

Hahahaha...this fukkin gaggle of faggots never ceases to amaze

Thu, 07/31/2014 - 10:36 | 5027151 Shizzmoney
Shizzmoney's picture

Goldman liking a stock = kiss of death

Thu, 07/31/2014 - 10:37 | 5027152 Cacete de Ouro
Cacete de Ouro's picture

How long is the Goldman Sachs Convict List?

Thu, 07/31/2014 - 10:51 | 5027221 Duffy
Duffy's picture

nearly as long as the list of former GS employees in the most transparent administration ever?

Thu, 07/31/2014 - 10:37 | 5027155 Last of the Mid...
Last of the Middle Class's picture

Reminds me of playing whip as a child. Beware of sudden direction changes and hold on tight for your f'ing life.

Thu, 07/31/2014 - 10:41 | 5027166 fuu
fuu's picture

It's a muppet. Someone loved it intensely for one day, and then tossed it. Like a Christmas tree. So special. Then, bam, it's on the side of the road. Tinsel still clinging to it. Like a sex crime victim. Underwear inside out. Bound with electrical tape. 

Thu, 07/31/2014 - 10:47 | 5027196 Poundsand
Poundsand's picture

Wow.  That's quite the imagery jump.  Christmas tree to rape victim?  Hmmm....

Thu, 07/31/2014 - 10:54 | 5027233 seek
seek's picture

It's a Fight Club reference, which is apropo given it's ZH's theme.

Thu, 07/31/2014 - 11:01 | 5027266 fuu
fuu's picture

Blame Chuck Palahniuk.

Thu, 07/31/2014 - 10:42 | 5027171 starman
starman's picture

Let's wait and see how "Kreamer" explain's this one.

 

 

/sarc

Thu, 07/31/2014 - 10:42 | 5027173 lemarche
lemarche's picture

GOLDMAN MOTTO: "MUPPETS WELCOME ! " ....

Thu, 07/31/2014 - 11:10 | 5027309 Otto Zitte
Otto Zitte's picture

Over the door it says "Abandon Hope, All Ye Who Enter Here", but its in Latin so the muppets can't read it.

Thu, 07/31/2014 - 10:42 | 5027177 Downtoolong
Downtoolong's picture

That Kermit photo never gets old. Proof that one picture is worth 10,000 words of Goldman bullshit.

 

Thu, 07/31/2014 - 10:45 | 5027180 alexcojones
alexcojones's picture

I wonder what the "Must Have" stocks were one week prior to war

In 1914?

Wonder what Master Chessplayer Putin's thinking, right about now?

The sorry-ass master Muppet we have is in the White House.

Thu, 07/31/2014 - 10:51 | 5027216 Duffy
Duffy's picture

Dr. Johnson's Palliative Tonics.

 

A curative for all manner of malaise and ill-feeling, difficulty sleeping, or difficulty not sleeping.

Thu, 07/31/2014 - 10:43 | 5027181 BrigstockBoy
BrigstockBoy's picture

Yes, the slaughter is about to commence. Why did a Pentecostal church rebuild the temple of Solomon in Brazil? It opens today. Muppets, sheeple, lambs?

Thu, 07/31/2014 - 10:45 | 5027185 Cacete de Ouro
Cacete de Ouro's picture

"We also remove the stock from the Directors of Research Focus List."

Thats some pretty unfocused directors ye got there. You might want to look into that...

Thu, 07/31/2014 - 10:48 | 5027202 Latitude25
Latitude25's picture

Don't worry.  The main muppet is the FED anyway.

Thu, 07/31/2014 - 10:49 | 5027206 Duffy
Duffy's picture

With due respect to Tyler{s} - it's amazing that anyone takes Goldman seriouly and I'm always a little surprised to see ZH publish articles on what Goldman is forecasting  (although, I get that it might most often be to hold up for examination the speciousness of their calls).

Everyone knows they're dishonest - not sure any more than most in the FS industry.  But they also have enough cash and leverage to get rich off volatility and play both sides of a trade while swapping a lot of risk.  They aren't successful because they're adding value, or particularly insightful into the markets - they simply know how to play a rigged game to make money by cheating clients, cheating taxpayers, and being vague and equivocal enough in their reports to hav e alot of protection from being called out for being completely wrong.

 

 

 

Thu, 07/31/2014 - 11:19 | 5027354 Village-idiot
Village-idiot's picture

G-S forecasts are reported because many contrarians use those forecasts to make decisions.

(I'm being semi-sarcastic and semi-serious here)

Thu, 07/31/2014 - 10:53 | 5027230 Shrapnel
Shrapnel's picture

Dead Kermit in the dirt pic always makes me laugh hard! Thank you Tylers for a great start to the day!

Thu, 07/31/2014 - 11:03 | 5027279 Ban KKiller
Ban KKiller's picture

Money in the bank? Investing with GS? Or any other Wall Street ponzi plotters? 

You get what you deserve....

Muppets, as someone said, have someone up their ass controlling their every move. 

Thu, 07/31/2014 - 11:06 | 5027301 Otto Zitte
Otto Zitte's picture

Hay! Where's my 401k?!!

Thu, 07/31/2014 - 11:11 | 5027318 SAT 800
SAT 800's picture

The Director of Research's focus list---LOL. Imagine people so lame they actually read crap like that.

Thu, 07/31/2014 - 11:16 | 5027337 vyeung
vyeung's picture

Goldman only has retards working for it nowadays. The exceedingly good and evil banksters have all jumped ship like rats in a sinking ship.

Thu, 07/31/2014 - 12:09 | 5027626 Lmo Mutton
Lmo Mutton's picture

Where is the pic of miss Piggy @$$ raping Kermit while he is tied up with electrical tape?

Thu, 07/31/2014 - 13:15 | 5027946 lakecity55
lakecity55's picture

I have one, but it is too small for an avatar.

Thu, 07/31/2014 - 12:31 | 5027716 StagStopa
StagStopa's picture

Pikers. Duct tape works much better.
Then..when you rip it off the kunts
Mouth.. It takes the makeup a

Thu, 07/31/2014 - 12:35 | 5027733 StagStopa
StagStopa's picture

nd lipstick with it. makes a nice trophy

Thu, 07/31/2014 - 13:14 | 5027938 lakecity55
lakecity55's picture

Muppets!!

Dead Muppets!

Hhahahaa, yours, Goldman Sucks.

Thu, 07/31/2014 - 13:14 | 5027939 Colonel Klink
Colonel Klink's picture

Yeah but the muppets were just ASKING FOR IT: http://michaelgarcia1980.files.wordpress.com/2010/03/kermit-gapes.jpg

Thu, 07/31/2014 - 15:05 | 5028580 Salsipuedes
Salsipuedes's picture

Muppet blood comes cheap these days.

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