Completing Goldman Sachs Purchase (GS)
Posted on | September 24, 2008 Time: 3:24 pm |
I am happy to be punching a ticket with Warren Buffett, and after doubling the equity raise (from a 2.5b to $5b secondary) part of the process, Goldman is sitting on an exceptional balance sheet. And wow, they got that deal done fast. This especially pleased me - below is from the press release:
“The Goldman Sachs Group, Inc. is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals.”
This is the new Goldman. Next up will be the mass gathering of deposit assets, which they should be able to acquire at the lowest prices seen in decades.
Picking up the remaining 2% of target allocaion at $128.57; not the sub-$120 we saw last week, but those were exceptionally volatile days…I am happy with what I bought during that time, and have no problem winding down the cash position very, very slowly.
2% at $128.57 - GS Buy, 150 shares
Tags: GFIG > Goldman > OTC Trading > Volatility
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