4 ms·

I have a good friend who worked in investor relations for a tech company that IPO'd. He worked with these analysts and they would send him models. I'm told that

I have a good friend who worked in investor relations for a tech company that IPO'd. He worked with these analysts and they would send him models. I'm told that most of these analysts were juggling 5+ companies and couldn't devote much time to any particular company without neglecting the others. Due to this, their models were often very poor or were missing large, publicly known items. Something to think about.

GFischer 11y ago
Some stories are incredible, for example the Dragon horror story that was featured here a few weeks ago: http://www.nytimes.com/2012/07/15/business/goldman-sachs-and-a-sale-gone-horribly-awry.html?_r=2 http://www.nytimes.com/2012/07/15/business/goldman-sachs-and... https://news.ycombinator.com/item?id=10994707 https://news.ycombinator.com/item?id=10994707