Oppenheimer analyst Meredith Whitney speaking at a private lunch right now (presumably dining on the flesh of Vikram Pandit): Wachovia is a “wacky bank.” Shall we see if the negative comments affect the stock price? Oh, wait…
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pwnd!
shout out to mayo
Meredith was the only one with enough balls to tell it like it is from the beginning. When Meredith talks, people really really listen.
Meredith was the only one with enough balls to tell it like it is from the beginning. When Meredith talks, people listen.
anybody know what she makes?
@2 who is also 3. Can you speak in anything but cliches?
Remember Mary Meeker? Nuf said. Meredith just got lucky. She’s no oracle, believe me.
@2,3
Yawn. Next. Fan. Boy.
she makes $dinner$ for that meathead of a husband.
She married a WWF wrestler. Whenever I see her on the tube all I think is clothesline, followed by a pile driver.
she makes $dinner$ for that meathead of a husband.
Meredith went on the air with Maria Bartirommo and outlined how she figured out that everything was not alright. Mathematical formulas and all. For a History major, she certainly had to do her homework.
She didn’t just get lucky. She is smart and savvy and if she wasn’t a woman, all of you would be saying what a hero she is.
11 Math formulas and all. Wow. Bet you like Sara Palin too. Another empty headed fool.
Too female. Didn’t listen.
CEO bludgeoned to death by mob of sacked workers
http://www.timesonline.co.uk/tol/news/world/asia/article4810644.ece
@11 You can say she did her homework and all, but calling her a hero just shows that you love her more because she is a woman.
Call me when a women or a minority does something for the first time and we don’t have a parade, then I’ll consider you an equal.
Well, the initial whistle blowers are usually despised by the very people who stand to lose.
@12
Yeah. Shamwow! Mayo!
@15
LOL
#15, when you assume you make an ass out of you and me.
19. When you use cliches you make an ass out of just you.
#6
Mary Meeker was lucky in the sense that she was never prosecuted. No comparison to Whitney.
I’m inclined to agree with #6, even a blind squirrel finds a few nuts every now and then…
Anal
But those blind squirrels will say nothing unless it’s: Buy, buy, buy! Are you implying that Whitney must be dumb and blind?
She deserves credit for making the calls she did when she did. History will decide if she was a hero. When she was making those calls at CIBC, she certainly didn’t have to worry about costing the firm M&A or equity underwriting assignments.
Damn, somebody is off their game. How am I the first to say, “I’d hit it.” on post what’ll it be…24?
-BeckyBootFan
@11 is that you Bess?
@23 – c’mon, everyone has to go against the grain to get noticed (marketing 101, not bad for a history major). she made a call, she’s dancing with the girl (guy) that brought her (but will she go home with him?). the real test is if she can call a bottom. then we will agree that she has done the homework. one winning call does not a good analyst make (my apologies to shakes).
24 Wasn’t the timing of those calls at CIBC way off? I believe that there was actually a significant run up in financials that someone listing to her would have missed. Yes?
She just started making noise to justify her existence at the bucket shop know as Oppenheimer.
WB has been called Wacky Bank in trading vernacular long before this hen came along. Now get back to banging Rick Flair.
Cage match, Bess vs. Meredith!
@ anal_yst
Don’t you think she is due some respect as she is the only financial insitutions anaylst who called the market correctly.
How many said “buy the financials after the lows of July 15, 2008 – we have seen the bottom”. How many said no way LEH, AIG fail?
In the Fortune magazine article circa August 15, 2008 she aid that she does not see the light at the end of the tunnel rather she “see’s the tunnel collapsing”.
Her Q4 08 estimates, on average, are 90% lower than her peer group. I bet that when the actual numbers come in they will be closer to her estimates than her peer group.
Just my $.02.
Come on #20, no one uses cliches anymore, trying to bring them back in style.
@ anal_yst
Don’t you think she is due some respect as she is the only financial insitutions anaylst who called the market correctly.
How many said “buy the financials after the lows of July 15, 2008 – we have seen the bottom”. How many said no way LEH, AIG fail?
In the Fortune magazine article circa August 15, 2008 she aid that she does not see the light at the end of the tunnel rather she “see’s the tunnel collapsing”.
Her Q4 08 estimates, on average, are 90% lower than her peer group. I bet that when the actual numbers come in they will be closer to her estimates than her peer group.
Just my $.02.
Little Man Pandit clearly has big problems with women (Zoe, Sally…). Has anyone checked to make sure HE’S not responsible for Meredith Whitney’s death threats?
@ 32.34
Just because her peers happen to be even more clueless than she may/may not be does not (as cluzo pointed out) a star analyst make (her).
Hell, I’ve been saying (check 1-2knockout if you care) there is more pain ahead since I started there in March/April, yet I don’t see anyone lining up to give me a medal (nor do I expect one btw).
The fact is that unless she has information which would render the firms she covers in violation of reg FD, the probability that her “analysis” is any more accurate than anyone elses is slim to none, this is especially so in our current realm of complete regulatory uncertainty.
Any clown (this guy included) can speak in generalities, well-informed or otherwise. Hell, if you try hard enough, I’m sure both the Bible Code AND Nostradomus predicted the downfall of Lehman, etc.
Gimme a freakin break.
Every single analyst has some spreadsheets that tells them what their rating should be. The fact that she uses math to do this is about as novel as a bird using a statue as a bathroom.
She made a prediction, it worked out. I’d be more impressed if she had said from the beginning that the banks have toxic mortgage-related assets which will need to be written down, not just “SHITTYBANK AND WACKYBANK ARE BAD!”
Ariba $100+ Buy as insiders exit
Ariba $75 Buy as insiders exit
Ariba $50 Buy as insiders exit
Ariba $25 Buy as insiders exit
Ariba $10 Buy as insiders exit
Ariba $4 Sell now that insiders have been taken care of I can reduce my rating.
-Mary Meeker
Bitch is going to burn in hell.
Every single analyst has some spreadsheets that tells them what their rating should be. The fact that she uses math to do this is about as novel as a bird using a statue as a bathroom.
She made a prediction, it worked out. I’d be more impressed if she had said from the beginning that the banks have toxic mortgage-related assets which will need to be written down, not just “SHITTYBANK AND WACKYBANK ARE BAD!”
Jury is still out on Ms Whitney. Wanna see her call the bottom before i get down on my knees for a flogging and forced oral. Plus, as somebody mentioned, she didn’t have the I-banking overhang (ie, publish nice stuff OR ELSE).
Ariba $100+ Buy as insiders exit
Ariba $75 Buy as insiders exit
Ariba $50 Buy as insiders exit
Ariba $25 Buy as insiders exit
Ariba $10 Buy as insiders exit
Ariba $4 Sell now that insiders have been taken care of I can reduce my rating.
-Mary Meeker
Bitch is going to burn in hell.
Did you know that she started her career at Wachovia, because she did.
Is it now more cliche to use a cliche or say something is a cliche
Whitney is a less educated Roubini with nicer gams.
-C
Math is hard. Let’s go shopping!
–Analyst Barbie
Meredith worked hard and nothing good comes easy. She also called it like she saw it and stuck to her guns (fleshy as they may be). No ifs, ands or (seymour) butts about it.
I thought this was already common public knowledge but I’ll repeat to set the record straight.
Ms. Whitney, and her sweet wrinkled rasin mams, is a trafficer of information. A few PMs at financials only hedge funds (including one that has gone from $300M to almost $3B in less than two years) informed her of some major issues in the US mortgage market in late ‘06, and told her she better do some looking. Did these guys happen to already be short nearly every bank she covers? You bet.
So Sweet Pea runs some scenarios, looks at capital levels and tells one of these PM’s that everything looks fine. When said gentlemen informed her that she needed to “Wipe that stupid grin off [her] face” and factor in declining home prices into her loss scenarios the proverbial “light” went on.
Why did they pick Whitney? It’s just like the detective from Usual Suspects who concludes at the end that they picked Verbal “because you’re stupid, because you are weaker” than the rest of the analyst community. It also helps that she’s a self professed media whore that will do anything to get a 30 second CNBC interview.
These guys were brilliant. Picked the perfect stooge to go out and market their short, and absolutely crush it on the downside. She gets a brighter star for it, so it’s a win-win and everyone leaves happy.
#45:
Malibu Stacy quotes: {tlm}
“I wish they taught shopping in school.”
“Let’s bake some cookies for the boys.”
“Don’t ask me – I’m just a girl (giggle).”
“Now let’s forget our troubles with a big bowl of
strawberry ice cream!”
“Thinking too much gives you wrinkles.”
“My name is Stacy, but you can call me (wolf whistle).”