You people have really done it now. Yesterday Dick Bové went on CNBC right after Wells Fargo had announced earnings, at which time he described the bank as a “standout” and one that had its loan losses “under control.” Boves followed this up by downgrading WFC from neutral to sell. No big D, she thought, but apparently some people begged to differ! DiBo was taken to task for the sharp sell off in Wells (and the market in gen) and now, because the relentless bitching just will not quit, she’s decided she’s going to pack up her act and leave. According the Rochdale analyst, we will no longer be treated to her analysis of a company she hasn’t yet analyzed. Now, she’s going to start doing her homework before appearing on television to make recommendations and what’s more? She’s no longer going to play the game where Michelle Caruso Cabrera names a company and she blurts out the first word the comes into her head.
Prominent banking analyst Dick Bove, who caused a stir Wednesday with seemingly contradictory remarks on Wells Fargo, has decided he’ll no longer provide immediate earnings commentary on air.“I’m not going to do it anymore. I’m going to have to see the numbers before I go on air,” Bove told Dow Jones Newswires Thursday. “It creates an untenable situation.”
Bove, a prolific analyst who is widely followed but doesn’t usually generate such a big reaction with his research, said Thursday that it took him six hours to digest Wells Fargo’s quarterly earnings after his CNBC appearance. He also acknowledged the risks of rapid-fire earnings comments on television.“Once I went through the numbers, it was evident to me that this company’s earning power was lower,” Bove said Thursday.
Late Wednesday, he had said that what CNBC wants “is a quick reaction to a number, that’s what they want,” contending there wasn’t a conflict between the statements.
CNBC declined to comment Thursday on Bove.
Posted by guest , Oct 22, 2009 3:00PM
Does he or anyone else seriously believe that it was his "call" that caused yesterday's decline? What a bunch of BS!
Posted by guest , Oct 22, 2009 3:02PM
Fuck considered analysis. Blathering twits and Tits, that's what we want!
Posted by guest , Oct 22, 2009 3:03PM
"i'm going to have to see the numbers before I go on air"
um, he didn't look at the numbers before going on air?!
Posted by guest , Oct 22, 2009 3:09PM
I would let him chop wood with an axe in my backyard any day of the week. (Not sexual!)
-Michael Mayo
Posted by guest , Oct 22, 2009 3:16PM
that picture ftmfw
Posted by guest , Oct 22, 2009 3:19PM
@2 isn't that the role of DK and MCC?
Posted by NakedShort , Oct 22, 2009 3:20PM
Yes Dick you are such a market mover; you and your stupid fucking bullshit drivel about the banking sector.
I guess that is to be expected coming from the powerhouse that is Rochdale Securities.
I hope you get throat fucked by Meredith Whitney and her 14" strap on. When shes done you'll just sit there and cry while the spit, blood & vomit waste cakes on to your dumb fucking Woodland Criter Beard.
Posted by guest , Oct 22, 2009 3:27PM
How much wood could a Dick Bove chuck if Dick Bove could chuck wood?
Posted by guest , Oct 22, 2009 3:27PM
NS,
Show us on the doll where he touched you.
Posted by NakedShort , Oct 22, 2009 3:28PM
@9 the bathing suit area
Posted by guest , Oct 22, 2009 3:28PM
@14: Umm - that's not a strap on she wields.
Posted by guest , Oct 22, 2009 3:31PM
wow ns what is some disturbing sh*t right there. get some help dude-
Posted by mrpink , Oct 22, 2009 3:38PM
hot. Dick turns me on.
Posted by guest , Oct 22, 2009 3:39PM
What do you mean, "you people?"
Posted by guest , Oct 22, 2009 3:41PM
What do you mean, "you people?"
Posted by Apollo , Oct 22, 2009 3:45PM
@12 - i would help NS hold DiBo down for Whitney, only he has no fight left in him anymore. Only whimpering apologetic on air drivel
Posted by guest , Oct 22, 2009 3:51PM
He looks so adorable in that pic
Posted by guest , Oct 22, 2009 3:54PM
@17 it's my new wallpaper.
Posted by guest , Oct 22, 2009 3:55PM
@NS Lose money yesterday, bro?
Posted by Becky Boot Fan , Oct 22, 2009 3:55PM
Is it wrong that I fantasize about Meredith Whitney talking like Tom Cruise in Tropic Thunder?
"...from now on my fist will be so far up your shithole, that everytime you have a thought it's going to tiptoe past my wedding ring..."
Yeah, it is wrong. Hey NakedShort...I'll save you a seat at therapy, bro.
Posted by NakedShort , Oct 22, 2009 4:01PM
@12 this is my therapy. Nothing makes a shitty day do a total 180 than imagining the scenario I so aptly lain before you @7.
Posted by guest , Oct 22, 2009 4:05PM
MW doesn't like being called the Dollar Dom. Not sure about the other.
Posted by guest , Oct 22, 2009 4:42PM
How did he get a forearm that big!?!?
~Popeye the Sailor Man
Wimpy Capital Management, LLC
Bluto, CT
Posted by guest , Oct 23, 2009 1:57AM
#9 FTW