Respect for Goldman Sachs Thursday, September 20, 2007
Posted by ei-forum in US Traded Stocks.trackback
Our readers will no doubt remember when we wrote about Goldman Sachs (GS) and that readers should stop kicking themselves for not having bought shares in the past and take advantage of the fact that the market correction was giving us the possibility of picking up shares cheap – at a multiple of under 10… this was a unique opportunity to invest in a great company with extremely solid fundamentals and a money making machine with an impeccable track record and pedigree.
Well, earning are out and indeed, Goldman did it again….
- Net Income Rises 79%
- Net Revenue Surged 63%
Read more on MarketWatch: here.
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Give Goldman credit where credit is do. These guys have a proven track record of success. I think a lot of their success comes from their connections. NewsVisual did a map on the connections of their Directors http://www.newsvisual.com/newsvisual/2007/09/goldman-sachs-b.html . Their Directors are connected across a wide variety of industries and companies. This might be the reason why so many Goldman Sach executives are asked or appointed to government service.
Hello Ajay, now that you mention it, it seems obvious – really good point! And the link is very interesting, we didn’t know the site. Thank you!