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A Rare Goldman "Sell" Recommendation Leads To Even More Muppet Slaughter
In addition to Janet Yellen's confused ramblings at 3:45 pm on Friday, which did all they could to push the S&P to close green for the year, the other catalyst that sent stocks higher on Friday afternoon was the unconfirmed rumor reported by the WSJ that Intel would purchase Altera, the news of which briefly sent INTC stock higher than the entire market cap of Altera on what can only be described as the latest short squeeze. Yet one entity that appears unhappy with this news is none other than Goldman Sachs which likely was snubbed as an advisor or an underwriter by Intel in recent months, and which all else equal, once again slaughtered the muppets who listened to its recommendation to Sell Intel stock (just days after another comparable slaughter by Goldman on SanDisk longs this time on the Conviction Buy side).
Here is the Goldman bottom line to Kermit:
On Friday afternoon, the Wall Street Journal reported Intel may be considering the acquisition of Altera but provided no additional information. Recall that Altera is a provider of programmable logic chips into the communications infrastructure, networking, and industrial end markets. For context, the median semi deal has been done at a 35% equity premium and 22X NTM EPS (vs. ALTR trading at 22X 2015E as of 3/26 close) and 10X NTM EBITDA (vs. ALTR at 16X 2015E).
Our 12-month price target is $23, based on 10X normalized EPS of $2.30.
The good news that fading Goldman is becoming rapidly the most profitable trade since we discovered the gem that is MacNeil Curry. Expect a posting by an anonymous and overly defensive Vampire Squid defending Goldman's sellside practices in the Brookings Institution blog in the coming weeks.
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Yawnnnn...
What does all these mean??
Green shoots bitches!
The WSJ should be shut down on that rumor..issued 15 min before a Friday opex close.....
Sec Sec? Oh Fuck it
Everytime I see the gaping Kermit, I laugh hysterically.
Did the US fail in initiating a nuclear attack on Russia?
http://www.stankovuniversallaw.com/2015/03/humanity-on-the-verge-of-a-nuclear-ww3-or-id-shift-and-full-revelation-a-historic-choice/
If it's not time for another round of bad-news-is-good-news ??
Somebody wanted to buy?
Since when did ramblings about fake money determine the future of millions of citizens?
Better grab your pitchfork, rope, ammo box, or blade sharpener.
Place on back, and then hit the road. Makes sense to me.
it worked out so well for david brennen when he was the hulk...back packin 'cross emerica....
Whoever trades Intel, IBM or Cisco, deserves to lose their money.
When the largest growing economy in the world bans such companies for buying by their Govt, of course, their stocks will keep declining. Stock buy backs will help for a bit but fundamentally owning Intel, IBM, Microsoft is a loss making trade over the next several years.
China regulators block governmental purchases of Apple, Intel hardwareRead more: http://www.electronista.com/articles/15/02/26/cisco.citrix.also.banned.government.cites.security.concerns/#ixzz3Vs5AUBea
I said the same thing about the probate court.
We muppeted some folks!
Is Yellen's bonus based on DOW performance?
Another secret.
Seriously who does not know how to use GS as a contrarian indicator at this point?!
was GS involved in the Intel buy of Altera? My guess is no. This is just GS paying back Intel.
GS just talks their book and bids the market on Yellen's order using US Federal Government deposits as leverage.
Nice world we live in. Good job yellen - you foul creature.
... once again slaughtered the muppets ...
I think of them more as Gumby dolls... even more pliable.
What most amazes me, is not that Goldman-Sachs really doesn't have any convictions of any kind, but that muppets still continue to do business with them. No sympathy at all for them.
I had to see the Green Goatse