Food for thought: Goldman IPO performance
aolpf.marketwatch.com
>>>...After all, Goldman Sachs is the lead manager. If it ain't broke, don't fix it and if it's Goldman, you gotta be there. That was the simplest piece of investing "know-how" I've ever had the pleasure to say. But there's a twist to this package. Most of you aren't going to get this stock at the IPO. If you are, try not to grin too much. But if you have to buy the opening trade, let me give you a few little known facts about Goldman's aftermarket performance over the last year if you had bought the opening trade for each of their IPOs. These rankings are printed in our IPO Frontline Newsletter with details of the issues that were priced over the last year.
From the opening trade to the first day close:
Goldman doesn't even make the top 12 . The firm at the top position averaged 13.6 percent.
From the opening to the first week close: Goldman is No. 1 with an average gain of 20.4 percent. The best deal was Power Plug, up 947.1 percent.
From the opening to the first month close: Goldman is No. 2 with an average gain of 35.8 percent. The best deal was Power Plug, up 1,114.7 percent. The firm at the top position averaged 39.8 percent.
From the opening to the 3 month close: Goldman is No. 11 with an average gain of 27.4 percent. The best deal is Power Plug, up 391.2 percent. The firm at the top position averaged 94.5 percent.
From the opening to the 6 month close: Goldman is No. 9 with an average of 30.9 percent. The best deal is Active Software, up 493.8 percent. The firm at the top position averaged 129.2 percent.
Yes, Goldman is great but with certain qualifiers attached which simply state, if you can get the IPO-priced stock you're golden. If not, you shouldn't trip over yourself to chase their stocks.... <<< |
