jbisback Wrote:
——————————————————-
> The name of the shop does not define the quality
> of the analyst. Case in point…Goldman, for the
> most part, puts out the worst research available.
+1
Not only is it bad, it’s often fraudulent. For example:
http://www.zerohedge.com/article/another-goldman-snafu-gs-upgrades-stock...
There are many other examples that have been uncovered recently. Expect nothing to happen since GS “captured” the SEC as well… the recently appointed COO of the compliance division at the SEC is a 29 year old Goldmanite… I’m sure he was appointed for his vast experience lol. I think the best you can do to avoid getting scammed by GS’s research coverage is to ignore it entirely (I don’t even read it anymore). Unfortunately, there isn’t anything you can do about getting scammed by GS’s phoney / fraudulent bailouts, but that’s another story entirely.
Anyway, to stay on topic, I agree with most of the above posters – the name of the shop is pretty irrelevant. If you can get on to one of Jefferies healthcare or med tech groups, that would be a good spot to end up since they have some of the best coverage on the street in those areas. I am not as familiar with the rest of their coverage, but it would likely be a good place to start in this sort of economy when jobs are very tight. You can always change later and move to a shop with a better name or the buy side.
——————————————————-
> The name of the shop does not define the quality
> of the analyst. Case in point…Goldman, for the
> most part, puts out the worst research available.
+1
Not only is it bad, it’s often fraudulent. For example:
http://www.zerohedge.com/article/another-goldman-snafu-gs-upgrades-stock...
There are many other examples that have been uncovered recently. Expect nothing to happen since GS “captured” the SEC as well… the recently appointed COO of the compliance division at the SEC is a 29 year old Goldmanite… I’m sure he was appointed for his vast experience lol. I think the best you can do to avoid getting scammed by GS’s research coverage is to ignore it entirely (I don’t even read it anymore). Unfortunately, there isn’t anything you can do about getting scammed by GS’s phoney / fraudulent bailouts, but that’s another story entirely.
Anyway, to stay on topic, I agree with most of the above posters – the name of the shop is pretty irrelevant. If you can get on to one of Jefferies healthcare or med tech groups, that would be a good spot to end up since they have some of the best coverage on the street in those areas. I am not as familiar with the rest of their coverage, but it would likely be a good place to start in this sort of economy when jobs are very tight. You can always change later and move to a shop with a better name or the buy side.