| Topic Name: |
Quattrone - DLJ??? |
| Message Name: |
DLJ = Bad Model |
| Date Posted: |
05/27/2000 |
| In Reply To: |
I agree that tech. will rebound, so it's always a good time to grab tech. bankers, right from Quattrone to tech. M&A Analysts. However, DLJ really mistimed the market: they offered their guarantee right as the market peaked; had they waited another ~10 days, they would not have had to offer their Associates such an increase since the bleeding to tech slowed considerably at ALL banks, not just at DLJ. But the bank made these guarantees and now they have to pay up. |
| Message: |
Talk about a firm that is clearly not focused on enhancing shareholder value. Go long diversified, shareholder-focused financial services firms (C, MER, MWD) and short their undiversified, poorly managed competitors (DLJ, LEH, BS & ANY internet co!)
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