Emails Between Merrill Lynch Analyst Henry Blodgett and Other Employees
From: Blodgett, Henry (RSCH)
Subject: RE: Internet ad spend-media conference
LFMN at $4. I can't believe what a POS [piece-of-sh-t] that thing is. Shame on me/us for giving them any benefit of the doubt.
I don't want to be a whore for f-king mgmt. If 2-2 means that we are putting half of Merrill retail into this stock because they are out accumulating it then I don't think that's the right thing to do. We are losing people and money and I don't like it. John and Mary Smith are losing their retirement because we don't want Todd to be mad at us the whole idea that we are independent from banking is a big lie
The first bullet is pretty bullish, no? The tone of the bullets doesn't quite jibe with the cautionary tone on the call.
I don't mean to be a pain on this one, but this stock is a powder keg, given how aggressive we were on it earlier this year and given the "bad smell" comments that so many institutions are bringing up. If you really think it's going to 30, or you have any real concerns about vodafone, etc, I want to at least get them clearly in writing. In any case, maybe don't make the first bullet "reiterate Buy" unless you think it's going straight up from here. You don't have to make writing conform to rating-I'd rather it be the other way around.
From: Syer, Virginia
ATHM such a piece of crap!!! I bet Comcast is the C doing a deal with you know who - it's Comcast or Cox and I bet the former.
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