|
|
Article: Don't bet against Goldman Sachs; firm has enviable intelligence
- Article from:
- Central Penn Business Journal
- Article date:
- October 3, 2008
- Author:
CopyrightCopyright Journal Publications Inc. Oct 3, 2008. Provided by ProQuest LLC. (Hide copyright information)
|
TAKING STOCK
Dear Mr. Berko: In early May, I bought 50 shares of Goldman Sachs at $201, believing it would split 2- for-1, double its dividend to $2.80 and, within a year, run back up to its pre-split price. In respond- ing to my letter, you told me that I should sell the stock because you thought sen- ior management was "disingenu- ous" (I had to look up that word) and that some profes- sionals believe that its powerful trading desks had manipulated the mortgage and oil markets in a way that could lead to a federal investigation. Now that the price of oil seems to be going lower and the mortgage market has settled, has your opinion changed on Goldman Sachs?
S.A.,
Vancouver, Wash.
Dear ...
Related newspaper, magazine, and journal articles:
|