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Post by akemp3000 on Sept 12, 2023 8:29:57 GMT -5
With Mike's seemingly new found enthusiasm, I can't help but wonder if this follows his divorce settlement and the transition to his next phase of life without the burdensome distractions that come from a divorce. It doesn't really matter, just a thought.
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Post by agedhippie on Sept 12, 2023 8:37:53 GMT -5
... Morgan Stanley currently has well over 15,000 Financial Representatives who cover client assets totaling Trillions of dollars. What will happen when even a small amount of the in house financial representatives begin purchasing shares of MNKD for their accounts ? ... That doesn't happen. It's an SEC violation, there has to be a hard separation of risk (rating) and investment banking (sales). No investment bank will do this because the SEC will land on them like a ton of bricks. (The SEC felt that analysts were changing ratings to drive sales - basically insider trading) I will go out on a limb here and say that MS is not going to open a recommendation for MNKD. What I think is more likely is that RBC, who is a heavyweight that already covers MNKD, will upgrade MNKD to a buy from a hold. That would have a positive effect in itself. |
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Post by uvula on Sept 12, 2023 8:52:25 GMT -5
MS can't buy shares of a stock for themselves, then issue a buy recommendation, and then sell the shares they own. I think that is what aged was talking about. But certainly MS can recommend to their clients that their clients buy a stock after MS issues a buy recommendation for that stock. (I'm not an expert so I could be wrong.)
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Post by hellodolly on Sept 12, 2023 10:43:32 GMT -5
I'm not sure what differences there may exist between the advisors at Wells Asset Management and those at MS. My advisors at WF will make a suggestion on a particular stock, as they did recently with PYPL. They gave me their reasons for why I should be adding it to my portfolio. I checked and read that WF had an overweight position, called my advisor back the next day and started a position based on what they called an 'insanely cheap valuation' with 'a lot of upside'. By the way, I also checked PYPL ratings against other institutions and see most are currently bullish. That helped me with my decision, too. Do they make recommendations on a stock they don't cover? No, only when I've asked, otherwise they can't bring it up. Those are the differences I've experienced with investment banking. As to agedhippie speaking to changing ratings to drive sales, I agree...that sounds like it can carry problems with it. But, I'm always fascinated by downgrades with a higher price target or vice versa? That just recently happened with MS and PLTR? They made a recommendation to downgrade from Equal-Weight to Under-Weight, but increased the target from $8 to $9 or Raymond James going from Strong Buy to Outperform and increasing their price target from $15 to $18?  ?? All manipulation of the price because on both trading days (or following days), the prices went down even when the price target was raised, (8.9%) and (14.58% the next four days), respectively. While the SEC may land on these firms "like a ton of bricks" for changing ratings to drive sales, I'm curious just how much scrutiny exists by the SEC when price action declines based on downgrades and they add to their holdings? Mention professional ethics, WS and the SEC in one sentence and it will make you shake your head. |
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Post by ripano on Sept 12, 2023 16:00:45 GMT -5
Broker Dealers & Primaries make Buy and Sell recommendations every day. This has NOTHING to do with the SEC. ZERO VIOLATION
Many stock brokers make the decision to invest their clients money into equities that have been favorably reviewed by their firm.
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Post by prcgorman2 on Sept 12, 2023 17:51:33 GMT -5
Broker Dealers & Primaries make Buy and Sell recommendations every day. This has NOTHING to do with the SEC. ZERO VIOLATION Many stock brokers make the decision to invest their clients money into equities that have been favorably reviewed by their firm. Regardless, I do not expect MS to initiate coverage or make a buy recommendation. If they do, sweet but that's not the purpose of the conference so I don't expect it. |
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Post by peppy on Sept 12, 2023 17:58:14 GMT -5
Broker Dealers & Primaries make Buy and Sell recommendations every day. This has NOTHING to do with the SEC. ZERO VIOLATION Many stock brokers make the decision to invest their clients money into equities that have been favorably reviewed by their firm. Regardless, I do not expect MS to initiate coverage or make a buy recommendation. If they do, sweet but that's not the purpose of the conference so I don't expect it. I am going to get a big smile on my face when GS restarts coverage of MNKD. |
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Post by ripano on Sept 12, 2023 18:58:18 GMT -5
Peppy. EXACTLY 100%
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Post by runner on Sept 12, 2023 19:05:25 GMT -5
Peppy: Even if you do get a big smile on your face, don’t ever lose that impish grin!
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Post by prcgorman2 on Sept 12, 2023 23:32:37 GMT -5
Regardless, I do not expect MS to initiate coverage or make a buy recommendation. If they do, sweet but that's not the purpose of the conference so I don't expect it. I am going to get a big smile on my face when GS restarts coverage of MNKD. You and me (and all the other longs). |
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Post by sportsrancho on Sept 13, 2023 5:00:17 GMT -5
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Post by centralcoastinvestor on Sept 13, 2023 7:57:03 GMT -5
Great conference call! I really think Mike was speaking the language of the larger institutional investors. Mike said that nearly 70% of the company stock is held by institutional investors. Now we are going after the bigger institutional investors. The Morgan Stanley conference is the right place to speak to the really large institutions. Way to go Mike!
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Post by cretin11 on Sept 13, 2023 7:59:24 GMT -5
Definitely looking forward to the MS coverage and curious what the price target will be on the rec. GS coverage would be tasty icing on the cupcake.
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Post by Chris-C on Sept 13, 2023 8:10:55 GMT -5
Sounds like a great call! Question- are there any examples of any major brokerage house initiating coverage with a buy recommendation on a stock with a current share price of less than 5? I was under the impression they avoid them unless they were already under coverage .
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Post by letitride on Sept 13, 2023 8:14:32 GMT -5
They were most interested in the pipeline and how funds and time were being allocated going forward. I believe they had heard all they needed to on TreT yesterday from UT.
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?? All manipulation of the price because on both trading days (or following days), the prices went down even when the price target was raised, (8.9%) and (14.58% the next four days), respectively. While the SEC may land on these firms "like a ton of bricks" for changing ratings to drive sales, I'm curious just how much scrutiny exists by the SEC when price action declines based on downgrades and they add to their holdings? Mention professional ethics, WS and the SEC in one sentence and it will make you shake your head. 
