The Sell Rating from Goldman Sucks
Goldman Sachs put Sun on the sell list. The reasoning behind this move is interesting. Regarding to this article on a german financial news portal we are to focussed on telecom, banks and manufacturing. Thus the analyst (Mr. David Bailey) assumes we have more problems with the recession than other competiors with a wider customership. Let´s assume he is correct with his assumption. Can somebody explain me, why a wider positioned competitor has any advantages about a focused company when the complete economy is on it´s way downhill to recession? PS: Goldman Sachs was an investment banking not long ago … no normal customers … focused when you want to think so … they got an different status, not by choice, they were forced to do so. When you sit in a glas house, you should choose the restroom in the basement.