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Insmed Incorporated Message Board

  • insm_truth_teller insm_truth_teller Aug 18, 2013 12:48 AM Flag

    Conflict of interest INSM analysts and offering.

    There was an investigation, about 10 years ago. Verdict - Wall Street was guilty. Did you ever stop and think who the main underwriters were for last month's stock offering? Right, the same firms putting out those price targets. It wouldn't surprise me if the investment bankers getting the underwriting fees had their office one door down the hall from the guy who penned the analysis. Nothing has changed on Wall Street. The fees have been earned by the bankers, the money's been raised by the company, now the shareholders will be left holding the bag. One whiff of bad news (safety concerns?) and that $24 target becomes a $4 target.

    Just like during the internet craze and the WorldCom/ Tyco/ Adelphia era, if you're basing your investment decisions on Wall Street's "sell side" research, Caveat Emptor

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    • There was an investigation, about 10 years ago. Verdict - Wall Street was guilty. Did you ever stop and think who the main underwriters were for last month's stock offering? Right, the same firms putting out those price targets. It wouldn't surprise me if the investment bankers getting the underwriting fees had their office one door down the hall from the guy who penned the analysis. Nothing has changed on Wall Street. The fees have been earned by the bankers, the money's been raised by the company, now the shareholders will be left holding the bag. One whiff of bad news (safety concerns?) and that $24 target becomes a $4 target.

      Just like during the internet craze and the WorldCom/ Tyco/ Adelphia era, if you're basing your investment decisions on Wall Street's "sell side" research, Caveat Emptor

      • 2 Replies to insm_truth_teller
      • There was an investigation, about 10 years ago. Verdict - Wall Street was guilty. Did you ever stop and think who the main underwriters were for last month's stock offering? Right, the same firms putting out those price targets. It wouldn't surprise me if the investment bankers getting the underwriting fees had their office one door down the hall from the guy who penned the analysis. Nothing has changed on Wall Street. The fees have been earned by the bankers, the money's been raised by the company, now the shareholders will be left holding the bag. One whiff of bad news (safety concerns?) and that $24 target becomes a $4 target.

        Just like during the internet craze and the WorldCom/ Tyco/ Adelphia era, if you're basing your investment decisions on Wall Street's "sell side" research, Caveat Emptor

      • Liar liar pants on fire.

 
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