Lazard Ltd  (LAZ) Trade Now »     Rate LAZ  -  Discuss LAZ  -  Add to Watch List        

Home

Analysis & Videos

Quotes

Bull or Bear

Discuss

LAZ: Bull or Bear?

From:    SocialPicks  |  Blogsphere  |  All

SocialPicks Community

Another M&A Play LAZ

28%

-2.69% in 821 days An established player being swept under by retreating tide caused by other exposed financial service players. Has it overpaid for recent acquisitions? Looks attractive to me at current price... Continue reading »

Lazard LAZ

-19.82% in 871 days <> Even though the market is near record highs, there still are some (quality) stocks that have fallen. One of them that I really like is Lazard (nyse:laz). IF you dont know this company, they have two divisions: Financial Advisory - advisory on mergers and restructuring and Asset Management - managing money for institutions and wealthy individuals. As you know, the M&A market has been really strong lately, and thus, Lazard’s profits have grown tremendously. Also, over the past few years, Lazard has made a huge investment in the AM division, which now represents 43% of the firm’s revenu<>... Continue reading »

From the Blogosphere

An interesting metric at Goldman…

Yesterday, Goldman Sachs (GS) reported third quarter profits of $3.19 billion on revenues of $12.37 billion, which prompted stories like this one in the New York Times about Goldman’s public relations problems over giving high bonuses. While the release didn’t talk about the controversial bonuses directly, it did have this to say on pg. 3: <><>Compensation and benefits expenses (including salaries, estimated year-end discretionary compensation, amortization of equity awards and other items such as payroll taxes, severance costs and benefits) were $5.35 billion, which was higher than the third... Continue reading »

Lazard gets an IPO all star

Filed under: Goldman Sachs Group (GS), Initial public offerings While it's still early, the signs are positive that we'll see a nice comeback in the IPO market. For example, Avago (NASDAQ: AVGO) and Starwood Property Trust (NYSE: STWD) had strong offerings. Moreover, recently we've seen some large IPO filings, such as for Dole Food and Hyatt. No doubt, Wall Street will make some juicy fees. So, to get a piece of the action, Lazard (NYSE: LAZ) has made a big move: it has hired IPO banker, Tom Tuft. He was the equity capital markets group chairman at Goldman Sachs (NYSE: GS). He joined the firm... Continue reading »

Earnings of Note Monday-Tuesday

34%

Some names I am looking at early this week Monday Fund holdings - Baidu.com (BIDU) and First National Financial (FNF). The former broke through the 200 day moving average Thursday but I cut it down to 1 share on super froth. The latter has been stagnat the past 8 days, with each day an intraday low hitting the 50 day moving average. Very strange. I cut back a bit to a 2.5% stake since I have double jeopardy in these guys with FNF and FAF. I expect good things but the stock action has been weak"ish" and this is the more expensive of the two - not that it matters because nowadays all secto... Continue reading »

Bookkeeping: Some Selective Purchases

34%

I am hoping the market itself sort of calms down and stays in a relatively wide range (although tomorrow at 2 PM will provide the normal nonsense knee jerk reaction to Fed announcement) and we can perhaps get back to stock picking for the first time since summer 2008. That said, I've been saying that for the better part of a year... but it almost feels "normal" at this moment. Fidelity National Financial (FNF) was down about 3% after hours on the first blush on earnings but obviously my blog entry turned the tide ;) [Fidelity National Financial Misses; Underlying Metrics the Real Story] It ... Continue reading »

Bookkeeping: Starting Greenhill & Co (GHL)

34%

I've been watching the 'boutique' investment firms for about half a year contemplating an investment. These companies are smaller (much) versions of a Goldman Sachs type of firm, but without the hedge fund/trading desk/prime brokerage arms of the business. Basically they do a lot of transaction type of work such as mergers and acquisitions, restructuring, et al... As the capital markets recover from the absolute dearth of IPOs, mergers, and the like we've seen most of the past year these companies should benefit. Further, this is a business about connections and human capital. Many sharp... Continue reading »

... more »  

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.