Why the Sell-Side Annoys Me...
Could these guys be any more disingenuous?
DRS Technologies (DRS) reported today. They had an okay quarter, highlighted by the fact that their addiction to net working capital caused them to burn cash for the 3rd quarter in the last 4. To be fair, their backlog was very good for this quarter.
However, you'd think these guys just absolutely blew out this quarter from listening to the sell-side guys. "Great quarter, guys!" "Your bookings are just phenomenal!" "Fabulous quarter!"
It seriously makes me want to throw up. How come no one ever says "Wow, you guys really fucked this business up, eh?"
DRS Technologies (DRS) reported today. They had an okay quarter, highlighted by the fact that their addiction to net working capital caused them to burn cash for the 3rd quarter in the last 4. To be fair, their backlog was very good for this quarter.
However, you'd think these guys just absolutely blew out this quarter from listening to the sell-side guys. "Great quarter, guys!" "Your bookings are just phenomenal!" "Fabulous quarter!"
It seriously makes me want to throw up. How come no one ever says "Wow, you guys really fucked this business up, eh?"
posted by Fresh at
8:56 AM
3 Comments:
Sell-side is a relationship business. How can you get banking deals when you are unpleasant to management???
I realize this. But even you'd have to admit that the ass kissing goes just a bit too far sometimes.
I agree with you.
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