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Soapy Bubbles

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Soapy Bubbles

Re: None

Wednesday, 11/14/2007 4:55:19 PM

Wednesday, November 14, 2007 4:55:19 PM

Post# of 1030
For those who have a tough time reading a 10, the thing most GS investors were looking for is a turn in the finances and operations of the company. So far we've had this appear on the 10:

- KK is not CEO or CFO.
- TS is CEO.
- Carroll (from Daiwa) took the CFO position. (He's a M&A expert.)
- There's debt, but the current growth can offset that on a yearly basis.
- Restructuring has been occuring over the quarter -- hence the suprise on the EPS. (Four cents! Who would have guessed?)
- Much of the deadweight is being shed as GS turns itself into a solid GSCT which will emerge as a strong company w/ contracts.
- GS obtained private equity (see today's posts) and can easily work it's finances.

and more to come. So...is the 10Q bad? Nah. It's indicative of a company sheding it's old leadership and chasing new directions. This is the turn around signal and the next 10Q will show what's growing.



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