Congrats to Herb Greenberg - Starting Equity Research Firm

Huge congratulations to my friend Herb Greenberg for announcing something he and I have discussed many times in recent months: His desire to create an independent equity research boutique. It's now set to happen, and Herb is leaving traditional journalism for equity research.

I couldn't be happier for Herb. Truly. He is a smart, funny and -- this must be said -- generous guy, and he deserves the broadest possible playing field to display and, yes, benefit financially from his talents.

Congratulations, my friend.

Comments

[zimmyzee:]

I predict Herb will be a huge failure as an equity research analyst. Most of his calls are horrible like when he was bearish on Whole Foods just before it quadrupled.

2008 Apr 15 05:19 PM

[jerry parker:]

congrats? you gotta be kidding me.

let's just call a spade a spade.

herbie has been a puppet to the short sellers out there for years. smart people watching him on TV perceive him as a hired gun with full intention of blowing up public companies to help his buddies make money on the shorts side - you call that independent research?

for the record, i don't mind shorts who are disclosing their true intentions. however, people who pretend to be independent and then use deceit and rhetoric to bash their targets - that should be the subject of SEC investigation, not praise.

my $.02.

2008 Apr 15 05:22 PM

[zenalgorithm:]

I think Herb is a smart guy. When he sees something that is over-valued, he'll call it out. I've noticed many times in the past when I've found a good short candidate, Herb is already pointing out the problems, or soon after has also quickly noticed the same thing I have.

I think he has saved a lot of small investors a lot of money by pointing out serious issues in problem-plagued companies.

I trust him more than most of the long-term fund pumpers on CNBC who are never bearish.

2008 Apr 15 05:34 PM

[Lisa:]

Herb was one of the best writers on MarketWatch. I wonder if this will affect them in terms of traffic or readership.

2008 Apr 15 05:42 PM

[CrossProfit:]

Lisa,

Good point. We'll have to wait and see.

Saul Sterman
CrossProfit

2008 Apr 15 05:49 PM

[rcv1555:]

He must do a better job of analysis than he did for his predictable rants on the business news shows. They never, in my judgement, reflected more than casual reflection and very little analysis, to say nothing of useful insights.

2008 Apr 15 06:30 PM

[johnthebear:]

I am happy for you Mr. Greenberg. Do your thing and let the chips fall where they may.

2008 Apr 15 08:06 PM

[Ames Tiedeman:]

Equity analysis is not easy. How often do you see the fundamentals line up only to see your timing off for the share price to move by 6 months or longer? He will have his plate full.

2008 Apr 15 08:07 PM

[Froddo:]

Will Herb continue to blog for Seeking Alpha?

If not, I will miss him.

2008 Apr 16 04:14 AM

[fxtrader07:]

At least a poster child for bad journalism (i.e. cooking negative stories about specially targetted companies all day that were told to him by his hedgefund friends and masters) stops pretending being a jourmalist any more. or so i hope at least.
Now Greenberg can directly provide his "independent" bashing "research ". Not much will change for him, though. His naked short selling friends (uh, oh, naked short selling doesn't even exits, right Herb? Too bad for you, that even the SEC regards it as a huge problem by now) will call him up as usual telling him the stories as they need them to destroy ever more companies with fasle allegations and cooked-up "research".

2008 May 13 03:43 AM