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Letter "B" » Ben Holmes Quotes
«Personally, I think this stinks. No one had chance to review this. They owe it to investors on the IPO to have an opportunity to review [these details] so that they can go forward with the investment.»
«Given the size of Morgan Stanley's position and the impetus to sell these shares, it will take a tremendous amount of aftermarket buying to lift this deal. I just can't see where that will come from.»
«This is an example of an experienced underwriter timing the deal in all but an absent market. They held back until they knew it was a good market to launch the IPO.»
«Networking is the single largest area of growth in this economy. Everything is connected at some point. If you believe the networked world is growing then you have to bet on these networking plays.»
«Obviously KPMG is an old-line name. It's a really encouraging sign to see it trade to a premium like this. The deals up to now have been really spotty.»
«We're back. The IPO market is on.»
«This is a little more normalized environment. You're not going to see stocks coming out of the gate doubling and tripling anymore.»
«While every other bank on the street was setting record numbers in their investment banking fees, their M&A (merger and acquisition) activity and their brokerage activity, these guys were losing money.»
«This is going to be a tough sale. They're going to have to tap into their book of relationships to get this deal done.»
«What's notable, just looking at the list, is the complete diversity in the names. We've got the whole range.»