Chungst

New Rules on Leverage Would Hit Goldman More Than Its Peers

This is my first time reading your article. Here's my advice (from many years as a Buy-Side Analyst): Get your point across as quickly as possible.

Most PMs won't give you that much time to ramble on. The saying on the street is: When a PM asks an Analyst what time is it? The PM doesn't want to be told how to make a timepiece.

Good luck.

Batten Down the Hatches

Jimmy Cayne lost big time. Dave Faber of CNBC made a comment last Friday that JC lost something like $1 billion given BSC used to trade at $170 a share.

I checked JC's filings with the SEC, and it said: "The Reporting Person is the beneficial owner of 7,008,839 shares of Common Stock or 4.79% of the outstanding Common Stock" based on the latest filing. Ouch!

Every penny (1.99 vs $2.00) is about $70K for JC. Easy come, easy go.