Moszkowski cuts Goldman’s 3Q EPS
Source: http://www.agustingonzalez.com/my_weblog/2008/08/moszkowski-cuts.htmlPosted on Wednesday, August 6th, 2008 | In Market Commentary, Stocks to Watch
Contributed by: Agustin Gonzalez (http://agcapitalmgt.com/) -
Merrill Lynch star analyst, Guy Moszkowski, not only cut 3Q EPS from $4.28 to $2.80 but also lowered his price objective from $212 to $205 on the basis of lower book value.
EPS was cut primarily on the basis of weaker global markets and an above-average sensitivity to commodity prices and volume.
Goldman should report their 3Q numbers sometime in the middle of September. GS closed the day at $179.55 a share, down $1.22 from yesterday’s close.
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 About Agustin Gonzalez (http://agcapitalmgt.com/)
Agustin Gonzalez is Founder/Portfolio Manager of AG Capital Management in Dallas, Texas. He trades primarily domestic equities and options for his clients. Prior to starting his own firm, he advised high-net-worth clients in investment strategy and portfolio management at Merrill Lynch Global Private Client Group. Mr. Gonzalez attended the United States Air Force Academy between 1994 and 1997 before receiving an Honorable Discharge. He then graduated with a Bachelor of Science (BS) in Management Science in 2000 from the Southern Methodist University's School of Engineering and Applied Sciences in Dallas, Texas. He is also near completion of his Masters in Business Administration (MBA) from the Southern Methodist University's Cox School of Business with a dual concentration in Financial Consulting and Corporate Finance. |
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