{"id":384154,"date":"2010-03-03T10:24:00","date_gmt":"2010-03-03T15:24:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/dick-bove-bashes-goldman-sachs-for-getting-scared-out-of-market-by-greek-debt-crisis-2010-3"},"modified":"2010-03-03T10:24:00","modified_gmt":"2010-03-03T15:24:00","slug":"dick-bove-bashes-goldman-sachs-for-getting-scared-out-of-market-by-greek-debt-crisis","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/384154","title":{"rendered":"Dick Bove Bashes Goldman Sachs For Getting Scared Out Of Market By Greek Debt Crisis"},"content":{"rendered":"<p>Dick Bove cut his estimates for Goldman Sachs yesterday, explaining that trading activity had dried up as the Greek debt crisis unfolded.<\/p>\n<p>The Rochdale Securities Analyst told CNBC&#8217;s Fast Money last night that Goldman looked like it was going to have a very strong quarter until fears steming from Greece arose.<\/p>\n<p class=\"textBodyBlack\"><span>&nbsp;<\/span>&#8220;All of a sudden, when the Greece situation developed toward the end of January &#8230; then basically, trading just dried up. Sector by sector you saw a significant decline in trading activity,&#8221; Bove said.<\/p>\n<p class=\"textBodyBlack\"><span>&nbsp;<\/span>Bove cut his first quarter estimates on Goldman to $3.99 from $4.88. He maintains his buy rating at a $200 price target.<\/p>\n<p class=\"textBodyBlack\"><span><\/span>&#8220;For the year I&#8217;m at $18.04 now and that&#8217;s simply because I did not cut estimates for the second, third and fourth quarter and I didn&#8217;t cut the estimates for next year and the year after,&#8221; Bove said. &#8220;In terms of what a multiple should be on Goldman Sachs, you should at least expect a 10 multiple, which would be a price of somewhere around $180.&#8221;<\/p>\n<p>\n<object id=\"cnbcplayer\" classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\" width=\"400\" height=\"380\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=9,0,0,0\"><param name=\"type\" value=\"application\/x-shockwave-flash\" \/><param name=\"allowfullscreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"quality\" value=\"best\" \/><param name=\"scale\" value=\"noscale\" \/><param name=\"wmode\" value=\"transparent\" \/><param name=\"bgcolor\" value=\"#000000\" \/><param name=\"salign\" value=\"lt\" \/><param name=\"movie\" value=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1429765973\/code\/cnbcplayershare\" \/><embed type=\"application\/x-shockwave-flash\" width=\"400\" height=\"380\" src=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1429765973\/code\/cnbcplayershare\" name=\"cnbcplayer\" pluginspage=\"http:\/\/www.macromedia.com\/go\/getflashplayer\" allowfullscreen=\"true\" allowscriptaccess=\"always\" bgcolor=\"#000000\" quality=\"best\" wmode=\"transparent\" scale=\"noscale\" salign=\"lt\"><\/embed><\/object>\n<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/dick-bove-bashes-goldman-sachs-for-getting-scared-out-of-market-by-greek-debt-crisis-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/dick-bove-heres-how-fed-money-is-directly-inflating-stocks-2010-1\">Dick Bove: Here&#8217;s How Fed Money Is Directly Inflating Stocks<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/dick-bove-bank-tax-2010-1\">Dick Bove: Taxing Big Banks Is Akin To &#8216;Expropriation Venezuelan-Style&#8217;<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/dick-bove-bringing-ken-lewis-back-would-be-a-huge-boost-for-bank-of-america-2009-11\">Dick Bove: Bank Of America Should Just Keep Ken Lewis!<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/WOXnD4X9VLU\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dick Bove cut his estimates for Goldman Sachs yesterday, explaining that trading activity had dried up as the Greek debt crisis unfolded. The Rochdale Securities Analyst told CNBC&#8217;s Fast Money last night that Goldman looked like it was going to have a very strong quarter until fears steming from Greece arose. &nbsp;&#8220;All of a sudden, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-384154","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/384154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=384154"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/384154\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=384154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=384154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=384154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}