Goldman Sachs should make Monday INTERESTING!
Goldman Sachs is finally going public.
thestreet.com
<..."It's going to have multiple effects," said Gary Kaminsky, managing director
of the private banking group at SG Cowen. First effects will be seen in
how other financial stocks -- companies like Merrill Lynch (MER:NYSE),
J.P. Morgan (JPM:NYSE) and Morgan Stanley Dean Witter
(MWD:NYSE) -- perform. If the heavily oversubscribed IPO goes as well as
people expect, it could change the way people think about how the
financials are priced. Yet there are cross currents here, at least in the very
near term. Portfolio managers who are strict about their sector allocations
will want to sell off some of their other financial holdings to make way for
Goldman>
of course, it could go either way- but I don't think Monday will be dull.
WebDrone
p.s., Waterhouse is moving along towards IPO- biz.yahoo.com
<TD Waterhouse, the third-largest online discount brokerage operations globally by trading volume and customer assets, said it would use
net proceeds from the share offering for working capital and other general corporate purposes.
Those include investments in technology and systems upgrades investments and increases in advertising and marketing budgets.
The company may also use some of the proceeds to finance acquisitions of other companies, although it does not have nay pending or
proposed significant acquisitions. It also plans to repay certain debt to Toronto-Dominion Bank.>
While I hope Waterhouse will help crush JBOH, you longs can hope for a takeover bid. And that's what makes it a horserace.
WebDrone |
