Saturday, June 2, 2007

Joel Sendek: Weird Al of Wall Street

Joel Sendek: The Weird Al of Wall Street - June 11, 2007 (CNNMoney.com)

In the late 1960s, Don McLean penned the nostalgic anthem "AmericanPie" in part to respond to what he saw as the beginning of a dark erafor the U.S. Similarly, in May of this year, Lazard Capital Marketssell-side analyst Joel Sendek was feeling nostalgic about the growth ofAmgen's anemia drug, Erythropoietin, which was fading. So he started singing:

Bye-bye, Erythropoietin pie.





Drove my growth rate with the pipeline,

But the pipeline is dry...

...along with eight other verses, left in the voicemail boxes of about 350 clients.

No comments: