Want to save the company? Sell the buyside unit and put that money into 1) Wealth to fend off the startups with a new moat-enhancing product like AD, 2) Banking & Trading to break deeper into the sell side from the current focus on equity research (M&A, Credit desks, trading, secondaries, etc…), & 3) (of course) shareholders pockets.
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A common travesty is the belief that “good” ones leaving brings a downfall akin to the titanic. It doesn’t always - sometimes it’s a slow decay. Other times it raises the average output because many decent people compensate for the couple great ones who have left. Sometimes, it’s about stabilising at the ground before rising again.
I don’t know Sanoke, I do however know FactSet - he has his work cut out for him if he wants to turn the ELT into a bunch of hard working, tech and people savvy team. Would hate to see FDS sink further despite the anger I feel at the utterly incompetent leaders who ruined a once flourishing company with their stupid weather reports and half assed change initiatives.
@2ny no actually the capable ones have left, the good ones are finding their way out. This channel will be quiet because when titanic sinks, peasants can only scream for that few seconds before it goes dead silence. Just like how there are insufficient rescue boats from the start and those rich and upper deck will only save themselves first. RIP the rest of the people.
@2n4 🙏🏻
Margins. way to address that is layoffs. So this site might get busier.
If we beat on revenue and earnings and reaffirmed guidance, why is the stock going down so much?
Great Prediciton.
We will know tomorrow
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OK I have to ask, why do people reply to this clown asking about earnings every quarter?
@p8 It would depend on how the TD revenue is recognised over the quarter/ split across quarters. Traditionally, Q1 tends to be weak for FDS.
Makes sense. TD wealth deal that Sanoke posted about must have been big and led to revenue boost.
Positive surprise on Revenue, negative on margin.