Styleforum › Forums › General › General Chat › Advice on private equity & venture capital in Tokyo/Asia?
New Posts  All Forums:Forum Nav:

Advice on private equity & venture capital in Tokyo/Asia? - Page 4

post #46 of 58
1/21/10 at 12:04pm
Quote:
Originally Posted by djrajio View Post
Wow.

Goldman blew 4th qtr consenus est. out of the water.

Making record profit/compensation and giving all your money to charity is the new killing it.

Washington can't really say shit to that.

Eh.. the market doesn't seem to impressed.


The concern with GS is with earnings growth in the near future. It's hard to see trading carry the day for much longer; most of the easy money has been made.
Reply
Reply
post #47 of 58
1/21/10 at 12:08pm
Thread Starter 
Quote:
Originally Posted by whacked View Post
Eh.. the market doesn't seem to impressed.


The concern with GS is with earnings growth in the near future. It's hard to see trading carry the day for much longer; most of the easy money has been made.

Silly rabbit.

It's already priced into the stock.
Reply
Reply
post #48 of 58
1/21/10 at 12:16pm
Quote:
Originally Posted by djrajio View Post
Silly rabbit.

It's already priced into the stock.

Sure. What else is priced in the stock, would you mind sharing? I got my pen and notepad right here.
Reply
Reply
post #49 of 58
1/21/10 at 12:48pm
Quote:
Originally Posted by djrajio View Post
Silly rabbit.

It's already priced into the stock.

Lol. It's not priced in the stock if it "blew estimates out of the water". That wouldn't make sense.
Reply
Reply
post #50 of 58
1/21/10 at 9:31pm
Thread Starter 
Quote:
Originally Posted by MetroStyles View Post
Lol. It's not priced in the stock if it "blew estimates out of the water". That wouldn't make sense.

It can.

Particularly in GS's case, they've had a stellar year and its already high valuation has very little upside going forward.

In fact, even when a company handsomely beats estimate, the stock can actually GO DOWN from profit taking or due to a comparison basis w/ a competitor.

Good example is when lehman and goldman beat consensus est. in 2005 but goldman did better than lehman and lehman's stock actually went down.
Reply
Reply
post #51 of 58
1/22/10 at 12:55am
Quote:
Originally Posted by djrajio View Post
It can.

Particularly in GS's case, they've had a stellar year and its already high valuation has very little upside going forward.

In fact, even when a company handsomely beats estimate, the stock can actually GO DOWN from profit taking or due to a comparison basis w/ a competitor.

Good example is when lehman and goldman beat consensus est. in 2005 but goldman did better than lehman and lehman's stock actually went down.

What about when a company handsomely beats estimate purely by playing around with (not accruing for, like they used to do, to be exact) comp. numbers?
Reply
Reply
post #52 of 58
1/22/10 at 2:55am
Bank is bank, you can always question its balance sheet even if they don't play with numbers, it is what it is, market condition can go south any time. You just need to know what you're reading.

Fixed income (especially credit) has been amazing last year, that will not repeat for sure. Spread has been on the good side for banks (borrow short end lend long end wise), though credit spread for distress has been getting stupid again. I am not sure if IB can keep counting on trading profit. It's easier for the guys who survived (less competetion, higher ask/bid spread), borrow cheap, but again, don't think that will persist forever.

Also everyone should take political risk into account, as we saw it today with Obama's speech...
Reply
Reply
post #53 of 58
3/31/10 at 12:17am
Thread Starter 
Just to come full circle with this thread.

I will be starting as a high-freq FX trader for Goldman in mid-April.

Looks like it will be a lot of fun.
Reply
Reply
post #54 of 58
3/31/10 at 4:24pm
congratulations
Reply
Reply
post #55 of 58
3/31/10 at 5:01pm
Quote:
Originally Posted by djrajio View Post
I needed a job and this pays well and is quite interesting.

I don't intend to pursue this as a career in the future however.

I plan on starting my own business.

Quote:
Originally Posted by djrajio View Post
Just to come full circle with this thread.

I will be starting as a high-freq FX trader for Goldman in mid-April.

Looks like it will be a lot of fun.

Reply
Reply
post #56 of 58
3/31/10 at 7:37pm
Thread Starter 
Like I said I want to pursue an MBA before 30 and then start my own business.

If you had the same opportunity, you wouldn't decline it either.
Reply
Reply
post #57 of 58
3/31/10 at 7:38pm
Quote:
Originally Posted by djrajio View Post
If you had the same opportunity, you wouldn't decline it either.
Where did that come from? Do you know me? Why would you think I would have an ounce of interest in being an FX trader?
Reply
Reply
post #58 of 58
3/31/10 at 11:09pm
Thread Starter 
Jesus christ. I'm talking in the general sense. If you had a good opportunity, you'd take it and see where it leads you. Of course I'm not trying to imply you would want to be an FX trader.
Reply
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: General Chat
Styleforum › Forums › General › General Chat › Advice on private equity & venture capital in Tokyo/Asia?