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Wednesday, March 11, 2009
A Little More On Utility Cooperatives
Looks like Zero Hedge has at least one reader. After the NRUC story was published (and contrary to some amusing opinions, Zero Hedge is not a hedge fund nor is talking its book... we would love that to be the case seeing the reaction in NRUC CDS plus the name Zero Hedged Capital sounds oddly attractive), first Goldman picked up on it, now Gimme Creddit seems to be chiming in. The link to their report is here (we hope they do not mind the free advertising). In essence they reiterrate our caution. As always, buyer (or seller) beware.
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8 comments:
Mazel Tov
May Good Fortune Continue Smiling upon you and keep you free and clear of any Madoff related indictments that may start flying soon.........
Tyler, the link to Gimme Credit doesn't seem to work.
pretty sure it works. it is a zip file
Tyler, can you provide a link to the Goldman reference?
Thanks
sorry, it was in a client distributed note
apparently NRUC was +140bp before you published your piece, and then went wider on Monday...thought it was a great piece; but there's always the concern, that if not you yourself, one of your HF buddies has already gunned it and is looking for someone to help push this thing over the ledge...not saying that's what it is, just easy to make that allegation...
pretty funny how GimmeCredit doesn't mention that Egan Jones and then ZeroHedge were the entire reason they published an update on NRUC.
they of all people should know to give credit where credit is due for independent research.
it's called GimmeCredit not GivveCredit
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