Word: lufkin
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...create "pitch books," which are presentations to sell the firm's investment plan to a client. These pitch books, sometimes called prospectuses, play the role of both a marketing document as well as a legal document, according to Tom J. Hsieh '97, an analyst at the firm Donaldson Lufkin Jenrette. The prospectus is used to sell the company to possible investors, but it also protects the investor from scams...
...funds, Wall Street has divined a way for some overly concentrated investors to trade one stock that has risen for a basket of stocks of equal value--avoiding any immediate capital-gains tax. A crush of financial firms, including Banker's Trust, Salomon Smith Barney, J.P. Morgan and Donaldson Lufkin Jenrette, are launching swap funds right now. They aren't entirely new. But Congress took a whack at limiting them two years ago, and they're resurfacing with a new look...
...private banker or "relationship manager" has become a guide through the complex world of financial services. The entry level for most of these private banks is $1 million, though in the fragmented industry you will find boutiques like Donaldson, Lufkin & Jenrette and J.P. Morgan that require $5 million, and aggressive players like Merrill Lynch that accept as little...
...counted for much on Wall Street, which prefers hopes, dreams and whispers when it looks ahead. As venture capitalist J. Neil Weintraut puts it, "There is no reasonable way to value these companies." Still, professional analysts have to try. And few want to buck the trend: last week Donaldson, Lufkin Jenrette analysts raised their price target on Yahoo to $250, positing another 25% gain within the next year...
...bombed. Arch Deluxe failed to deliver on the taste front. Says franchisee LuAnn Perez, one of the company's harshest critics: "We were going to make a sign that said, 'It's the food, stupid,' and send it to the board." Janice Meyer, who covers McDonald's at Donaldson Lufkin & Jenrette, notes, "Arch Deluxe was not really a higher-quality product...