Analyst Quotes On Financials

November 2, 2007 at 10:44 am  ·  Category: Market Commentary, Stocks

“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”

Posted by Greg Feirman  ·  Trackback URL  ·  Link