• Jeff Matthews

Least Helpful Call Today…So Far


The least helpful call from Wall Street’s Finest thus far today is most certainly the downgrade of Vonage, that Poster Child of Failed Initial Public Offerings whose stock closed at $3.00 on Friday—a rather dramatic discount to its 52-week high and IPO price of $17.25—from “Peer Perform” to “Market Perform” by one of Wall Street’s Bigs.

Stated reason for the downgrade? “Too Many Risks.”

No, I am not making that up; and yes, the morning is still young.

Nominations for even less helpful calls than that are welcome.

Jeff Matthews I Am Not Making This Up

© 2007 Jeff Matthews

The content contained in this blog represents the opinions of Mr. Matthews. Mr. Matthews also acts as an advisor and clients advised by Mr. Matthews may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Matthews’ recommendations. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author.

0 views0 comments

Recent Posts

See All

Donald Immelt?

“It became clear right away that my main role would be Person to Blame,” Mr. Immelt writes in his new book “Hot Seat: What I Learned Leading a Great American Company,” which will be published Feb. 23.

Spot the Non-Sequitur

First, this headline from the Wall Street Journal, February 5, 2021: Bill Gates Joins Private-Equity Firms in $4.7 Billion Deal for Private-Jet Company Private-jet travel is booming amid travel restri

BROWSE CATEGORIES

Stay up to date with an insider's look into The World of Wall Street.

Great! You're all signed up.