Citizen Soldiers
I have heard very little chatter about the 63 year anniversary of D-Day. It seems as if it is almost fading from memory-20 years ago if was widely publicized. If you are enjoying life on the Street with all the bells and whistles, you likely owe all those vets, past a present. If you are a veteran of the U.S. armed forces we salute you. Thank you for serving.
Voices of the Veterans: D-Day
Prudential Shuttering Equity Sales and Trading
Maybe Ralph Acampora put a curse on them after he left. Those technicians are into hocus pocus, after all. We are likely to see more of this, given the squeeeze on commissions. Anybody below the 2nd tier is vulnerable. While there was always some nice people working there over the years, I never seated being out of the loop with these guys. The best analysts will find jobs, the rest of the should start writing blogs.
LOL
Prudential exiting research business
MarketWatch
New highs for GOOG
Google caught fire in the last half an hour, and new highs will likely attract technical traders looking for more. The company has announced a slew of acquisitions lately, and with Yahoo!’s Panama looking mundane it appears the Street is back in love with this stock. Valuation is still reasonable vis a vis its short historical record. The multiple was compressed for six months following it Thanksgiving high, but looks like nobody is scared of their bumbling competitors. For those of you who missed last Sunday’s New York Times article (read here-sub req’d), Matt Cutts has his own take on it right here on his blog.
Bye Bye Bobby
I don’t know what is more painful, the three inches of rain that fell today in NYC or the wait for the Bancroft family saga to be decided. What a soap opera.
Speaking of soap’s, there is only one episode left in The Soprano’s, long a favorite show of Wall Street’s rank and file. I want to salute Bobby “Bacala” Baccalieri, who was whacked last night.
Most non-Sicilians do not know that “bacala” is salted cod. Now you know.
Bobby will be missed. And while speculating on Tony’s fate next Sunday is best left to real wiseguys, we will take a crack at the inscription on Bobby’s grave.
He liked food
Hold the salad
Long live Junior
No more Janice!
Bobby was a lover, not a fighter, and his Train kept a rollin-till the bitter end.
Well done Steve Schirripa!
Hopefully Hollywood won’t typecast you as a large boned Italian mobster.
Live Leak on CNBC
How many times will CNBC run this Live Leak piece? Lots of free publicity for their site today. I had not known about it and will check it out-What types of ads will run here? The content is primarily video carnage from Iraq and Afghanistan. Scary stuff. Live Leak
Not So Fast
The bidding group looking to buy Laureate Education (LAUR-NASDAQ)on the cheap has just upped their bid-by a measly $1.50 a share. Given the valuation discount this thing traded at prior to bid-because of the buyside's lack of confidence in management, and the strong revaluation of some names in the sector (DV, ESI), this still might not be enough. Nice try KKR and SAC...not to mention CEO Doug Becker, who failed to inspire Wall Street and is the reason for the valuation gap that you could drive a truck through 3-4 years ago. Reuters article
