Shorts Come Up for Air
Editors Note-No babies were harmed during the production of this post. Lil’ Shorty was remunerated in ice cream at the wrap party celebrating the completion of this piece.
Short sellers have been feeling the heat, given that we recently completed one of the longest stretches in stock market history without a 1% down day in the S&P. Pressure cooker indeed.
Are they finally off the hook?
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Take a deep breath...the casino reopens Monday at 9:30 AM
Enjoy the Weekend
Electronic Arts: Buy, Sell or Hold?
UTC is experiencing growing pains.
Private equity investors recently handed us a fat check...and we need to spend it. Sure, we gave ourselves a raise. But additional manpower was necessary to help us meet our new mandate:
Be all things to all people.
Competing with Investment Banks and Hedge Funds for high-priced talent is difficult. UTC compensation packages, though generous, are not in the same league of those offered by Citadel or UBS.
True, our analyst training program is not as rigorous as the one in place at Alger Management. But we plan to fine-tune it. And forget about CFA’s...all we require is a GED, a thirst for knowledge and street smarts. Best of all, we don’t drug test...the labor market is too tight for that kind of nonsense.
Nonetheless, we have expanded our efforts to bring you proprietary, value-added research. We recently dispatched newly hired associate analysts on a field trip to Electronic Arts (ERTS-NASDAQ) to perform a little due diligence. We hope you find their analysis insightful.
Without further ado,
Fleetwood Mac Market
Rumours made the members of Fleetwood Mac rich. This market will make bankers and corporate management teams rich. And Main Street? They have a saying in Vegas…
Good Luck
Today’s price action in 3COM Corporation (COMS-NASDAQ)) was a rude reminder of what can go wrong. Speculators ramped the stock to over $5 earlier this fall on chatter that was close...but no cigar.
Of course close is fantastic...if you are playing horseshoes.
Here is a small sample the rumor mill over the last 24 hours...let see how many pan out.
Mr. Potatoe Head Takes Wall Street
Dan Quayle was vice precedent before joyneing Cerberus Capitol. One year ago he said Japanese stoks were very compelling.
Nice try Dan but the S&P dun better.
Good luck with the Dollar General deel.
Dollar General spikes to session high after MergerMarket analyst on CNBC names co as LBO target
As mentioned at 14:42, MergerMarket analyst on CNBC reports that LBO firms are aggressively pursuing DG. Says Bain Capital and Cerberus Capital, among others, are actively looking at DG. Notes that stock weakness has attracted the potentially buyers, recently trading at a 7.5x EBITDA multiple. Says while it’s implied, it is not clear if DG is engaging in any take-private talks. (briefing.com)
Blunt Talk: Scoring on the Street
Some things in life are inextricably linked...like bankers and models.
With their portfolio on a roll, life for the boyz at Atticus Capital is as good as it gets. After all, 20% of last week’s known gains add approximately $120+ million to the partners side of the ledger. Another solid year or two and we will consider bestowing Superhero status upon them. But it takes more than money to join this exclusive club.
While Atticus Chairman and CEO Tim Barakett was quite a hockey player in his younger days, it seems Atticus Co-Chair Nathaniel Rothschild might be able to teach Tim a thing or two about putting the puck in the net.
His recent dalliance with Petra Nemcova created a bit of a stir. Rumors also place him in the general vicinity of Natalie Portman and Ivanka Trump, among others.
Mr. Rothschild seems to have a prowess for picking up attractive ass…
uh, assets.
Happy Holidays
The staff of Underthecounter would like to wish all of our readers Happy Holidays. May you and yours enjoy continued health and financial prosperity.
Well you are reasonably healthy. And don’t look at us...we were net buyers today.
