Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (29) | Ignore Thread Prev | Next
Author: 2121 Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 58796  
Subject: Re: Blodget leaves Oppenheimer for M/L Date: 2/24/1999 5:14 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Migrant: Cohen left MER on his own, however it seems logical that MER didn't exactly go out of its way to keep him. After all, he was one of the few analysts willing to speak the truth, which means he missed the ride of the century. His mistake, and mine, was that he missed the supply/demand equation, which as we can see has been no small reason why David Gardiner and the like actually sport positive returns in their portfolios (I can never resist). Better lucky than smart, I guess.

In any event, Cohen is at Wit Capital, a firm that I believe will be bought by a bigger house someday. Not a fnatstic group, but more than adeuate, and Cohen is a very serious guy. I really like Tom Weisel's new group. They really have all the guns going, and the primary deal flow to make it work. Watch out for them.

As for Blodgett, I'll never know if he did what he did because he's a classic Opco employee, or because a gun was held to his head and told to do it. I will say that the MER boys are soon going to learn some hard truths about this biz, and that is, either change or die. Blodgett is one of the first signals to the large retail sales force there. They need to concentrate on gathering assets, not writing tickets. DLJ and DLJdirect coexist just fine. On the other hand, DLJ never sported a large retail sales force.

Senor Blodgett will be seen by many MER veterans as the 'enemy within'. Watch for more fire here. It will be interesting.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (29) | Ignore Thread Prev | Next

Announcements

2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement