me on April 10:
in other words, Merrill's media darlings (like Henry "Amazon @ $400" Blodgett) would publicly be giving the thumbs up to companies like 24/7 Media, while privately calling the stock "a piece of shit." the juicy details are available in an affidavit Spitzer filed in support of their request for a court order.
the Economist on April 17:
One company, 24/7 Media, was rated a ìshort-term and long-term accumulateî by Merrill. Privately, Henry Blodget, Merrillís star analyst of Internet shares, more succinctly judged it a ìpiece of shitî. Merrill says the e-mails were ìtaken out of contextî.
kudos to me for getting there first. kudos to the Economist for spelling Blodget right. i win, 1:1.
