As Good as Goldman?
Friday, February 29, 2008 at 06:22AM Ever since last year, when Goldman Sachs (GS) avoided (and even profited from) much of the credit malaise by shorting subprime, investors and the press have praised the company's investing skills. However, recent actions from analysts suggest that being as "good as Goldman" may not be as coveted of a comparison as it was at the start of the year.
Every week in our Bespoke Earnings Estimate Revisions report for Bespoke Premium subscribers, we highlight the trends in earnings estimates for each sector and group over the last month. Additionally, we also provide the individual companies that have seen the greatest number of upward and downward revisions. Over the last two weeks, GS has shown up on the list of stocks in the Financial sector with the most negative revisions. Are the other analysts just jealous? Or is being the best house on a bad street also dragging them down?
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