“We encourage investors not to sell the brokers on the news this quarter, as visibility is good leading into the rest of the year and valuations are reasonable.”
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“After were through with all of the enhancements, I want my clients to say, Wow. Have you seen the Las Vegas Convention Center? ... That will be a validation for me.”
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“The combination of standardized protocols and component-based software will make it less and less sensible for corporations to have their own IS staff in the traditional sense,”
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“When you take out the 15 cents and the 20 cents, you can get a number which actually was below consensus. And thats obviously in stark contrast to what we saw from Lehman Brothers yesterday.”
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“The fourth-quarter was a bit disappointing relative to both expectations and their strong third quarter.”
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“Goldmans in-line quarter compares unfavorably to their 30% upside surprise in the third quarter and Bear Stearnss and Lehmans 5 to 10% upside surprise this quarter.”
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“Quality is a little hard to figure out, but strong asset management incentive fees offset weaker restructuring fees resulting in in-line revenue.”
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“The new combined company is going to be trading at something like 20 to 22 times 2007 earnings. So, its very much at the high end of the asset management peer group. Most asset managers trade at that sort of multiple on this years earnings, not next years earnings.”
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“Its an expensive proposition. Everyone kind of bit the bullet and went ahead with the project.”
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“We came out of halftime running and pressing and I just got some opportunities.”
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