Recently started on a sell side research desk and was wondering if anyone's lead analyst calls bullshit on management when they're selling nonsense/ adjusting the shit out of everything.
Would love to hear any stories of a confrontation or how those interactions tend to go.
His name is Mike Mayo.
i witnessed my analyst initiate on an actual fraud
Can you scrub the story in any kind of way so that you can share?
If not, what did he do when he figured it out? Also, did he publish?
no. nothing. yes.
I don't think sell-side really works this way because you, at the end of the day, need to "sell" your research to both buy-side investors and companies you cover to build relationships for investment banking folks.
I wonder if @dickthesellsider has any good stories for this one.
SS for two years - heard some tense interactions on earnings calls. Tends to be more common in smaller/midcap stocks where there is more management BS...probably asked a few somewhat antagonistic questions on earnings calls myself (maybe not intending to but I struggle managing my tone sometimes). Depends on the analyst, but it's literally your job to ask tough questions.
Stacey Rasgon (Bernstein semis analyst) had a good thread on twitter about this topic a while back.
Also every Tesla earnings call with Elon
sacconaghi you bonehead
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