Seeking Alpha

NetSuite (N +2.6%) rallies on an upgrade to Buy from Lazard, which sees the cloud business...

NetSuite (N +2.6%) rallies on an upgrade to Buy from Lazard, which sees the cloud business app/e-commerce software maker's sales investments translating into additional "beat and raise" quarters. Goldman downgraded NetSuite last Friday on valuation grounds. Q4 results are due on Jan. 31.
From other sites
Comments (2)
  • Doyle3000
    , contributor
    Comments (1582) | Send Message
     
    "Beat and Raise" quarters with Non-GAAP earnings is as easy to do as being a hack analyst from Lazard.

     

    "Pay no attention to the fundamentals behind the curtain! P/S and GAAP profits do not matter as long as I say so!"
    23 Jan 2013, 01:02 PM Reply Like
  • pmhebard
    , contributor
    Comments (6) | Send Message
     
    Yeah, five days (and just one business day) after Goldman downgraded N to neutral and pulled it off its Conviction Buy list, citing valuation, Lazard is going the other way. This on a stock with a F P/E of 219.68! Lazard's willingness to push N which has a F P/E of 219.68, strongly reminds me of Akman's and Einhorn's self-interested efforts to sour investor's on HLF, which both had been heavily shorting.
    23 Jan 2013, 03:57 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs