Andrew Sorkin (make that Andrew ROSS Sorkin) has the take at Dealbook. Basicaly, the Private Equity guys became trend followers, and not contrarians. When you have that much money at your disposal, you should never pay ‘UP’, you should be modelling and researching broken companies and industries, waiting and thinking. Those of us with little …
Tagged: Private Equity
Could Yahoo be a BUY?
Would it not be sweet to see the bear market contained to homebuilder, mortgage and housing stocks. It would be nice to see the idiotic private equity guys leave the rest of the world alone while they figure out what to by there. I just want a few months of peace from them, the brokers …
Blackstone Buys Hilton…'Ass Sphincter Says What?'
Yes I am reminded of the line from “Wayne’s World” on days like today. The world is indeed upside down. I thought Private Equity guys had tons of ANALists in back rooms crunching numbers. The goal being to find cheap stuff, that no one understood, steal the conmpany at a time of turmoil, fix the …
Freedom and Trust
I have lived and travelled many places, but no place feels more free than the streets of Manhattan. What you want, when you want it…and by foot. Ben Stein (Bueller…Bueller) had a great piece today in The New York Times that really struck a chord. My favorite excerpt: When yeoman farmers sent their savings to …
Merger Monday – Dealmakers love trend following
FreePort (FCX) is being bought out at BIG all-time highs and Equity Office Properties (EOP) the same, proving once again that the biggest trend followers on Wall Street are dealmakers and the investment bankers. It is too early to tell whether they are stupid prices, but surely both companies could have been had 2-3 years …