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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (35845)	6/17/2008 6:38:32 AM
From: elmatador	Respond to of 217557

Cashing in on home bias: On a Monday in April, Colonial BancGroup, a tiny Alabama bank, announced a stock offering in the morning and closed the $333 million sale by evening. A hedge fund manager familiar with this market described how these deals work. The brokers call you up on Friday morning and ask you to sign a confidentiality agreement. By Friday afternoon, your lawyers have had enough time to work through it, and you sign it. The investment bank involved in the deal sends you a "book," laying out the company's numbers. You work all weekend and set up a conference call with managers to ask them whatever questions you can think of. The deal is announced on Monday. What about due diligence? "They aren't doing any," the hedge funder says. State bias. People are putting their money into their states. Similar qhen people would put their money into their countries hogging capital. today people get fresh news what is going on right here in Curitiba, Hong Kong, Nigeria... Smart money has got no bias!!