The Fate of the Analyst
Вече старо, но все още релевантно. За някои и повече от това.
November 3, 2007: On Thursday, Meredith Whitney, an analyst at CIBC World Market, a subsidiary of the Canadian Imperial Bank of Commerce, issued a stern report saying Citigroup needs to cut its dividend or sell assets to stave off a $30 billion capital shortfall. She further downgraded Citigroup shares to “market underperform,” which basically tells investors to sell.
Almost immediately, Citigroup’s shares plunged 7 percent, costing the company $15 billion. More significantly, the bank took the rest of the market with it. The Dow Jones Industrial Average lost 360 points, or 2.6 percent, socking it to investors big and small around the globe.
Her phone rang off the hook yesterday. Friends and colleagues called with support. Other wished her to hell.
She described the typical rant as: “F - - - you, dumb analyst. I hope you get hit by a truck,” but added, “The abusive phone calls, thankfully, have gone straight to voice mail.”
Note: Do take notes when she speaks!
