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On today's episode of how NOT to interact with management as an equity research analyst Maybe the spiciest back & forth I've ever seen in an earnings Q&Apic.twitter.com/3HbeWKc9g1
Management: our most recent quarter crushed expectations, we upped our capital return & long term guidance looks strong Analyst: ...but you dropped your short term guidance my model is built on Management:pic.twitter.com/53MBKemiFu
Management quoting bad takes by the analyst? Incredible. Hahaha
If I was an investor, I'd be interested to know to what extent historical sensitivity of Virtu's revenues to volatility (as is natural for a trading firm and easy to model) has been replaced by sensitivity to US retail volumes
Damn.. Quite an answer.
i love it, what a stellar response from @Dougielarge
Not technically a “back and forth” but Lourenco Goncalves is 1000% spicier...https://www.cnbc.com/2018/10/19/ceo-berates-analysts-you-are-a-disasterthey-will-have-to-commit-suicide.html …
This is amazing
There was the time Batman called into as lucious fox about the updates. Or the time that the Asian guy called into western union and kept yelling “we are going to sue you. Legally” Or something
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