Word: outs
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Dates: during 1990-1999
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All the analysts I meet emphasize how laid-back Broadview is. "My hours are better than my friends at any other bank," Shemmer says--a mere 75 or 80 hours a week, compared to as much as 100 at larger banks. At the biggest firms, the partners conduct "bed checks...
The list matters because the stock market is every analyst's favorite hobby. Shemmer and the other analysts trade stock prices like sports scores, bragging loudly about their stocks from their desks. Shemmer has more than $11,000 of his own money invested in the market, mostly in risky, especially...
Shemmer already has a list of potential targets this morning, compiled from every possible source--ads, word-of-mouth from friends, industry newsletters, random searches on the Web, even advice from competitors. Creativity pays off. One analyst hunts down computer science majors at MIT to find out where graduates are...
The search is efficient, even brutal. If Shemmer can't deduce what a company's Web address might be, it's history. "That's it," he says. "I might ask someone, but..." One target's Web site is unattractive and poorly designed, lacking basic information about management and investors. Shemmer...
Hanging out around the table, the analysts look like a bunch of fraternity brothers in dress shirts. Of the dozen recent college graduates who work in the New York office, only two are women. With almost all males, the office has a rambunctious feel--Shemmer slaps his friends on the...