dude, steer clear of it. in fact, steer clear of all financials for the time being.
i used to work there. what a crappy firm. they are laying tons of people off right now.
they are a fixed income shop with second rate equity and derivatives franchises. they made their name in the 80's and 90's in mortgage-backed securities.
funny, for a shop that is a stickler for risk management, they had a few hedge funds blow up recently (subprime CDO's). liquidity has frozen in most mortgage-backed asset classes (the bread and butter of BSC's biz) and in spite of bernanke wussing out on interest rates ... MBS markets are not likely to improve any time soon.
there might be more skeletons in the closet.
anyhoo, if you believe in wall street consensus, according to First Call, the consensus rating is 2.31, which is basically a weak-tit buy rating.
Last edited by fishpoopoo; 08-22-2007 at 07:05 PM..
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