Apr 16, 2010

Dick Bove on the long-term soundness of Goldman Sachs

If we're looking at the company over a long period of time, is this something that is going to inhibit their ability to do business in a normal fashion? Is it something that will lower their secular earnings growth? It will not. So, it's a short-term problem, there will be a definite charge to the company related to it, but for long-term holders of the stock it's something that will pass.

~ Dick Bove, Rochdale Securities, CNBC, April 16, 2010

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