Analyst Quotes On Financials


“These companies don’t own factories, they don’t own hard assets, it’s a confidence game.  If you don’t believe the numbers, it’s hard for us and others to get involved.  All you need is a little change in their reserves and you wipe out equity.”

Head of a Private Equity Firm (subscription required)

“If you look out a couple quarters, it’s hard to be particulary bullish about financials.”

Jeff Arricale, Financial Stock Mutual Fund Manager, T. Rowe Price (subscription required)

“Our concern is on relying on a company’s statements that has no CEO and is facing a potential SEC investigation and may have engaged in questionable private transactions.”

Mke Mayo, Investment Bank Analyst, Deutsche Bank, explaining his downgrade of Merrill Lynch from “Buy” to “Hold”

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