David Menlow
David Menlow
flash focused market rather reality seeing versus
This is a market that has focused more on fundamentals rather than a flash in the pan. We are seeing reality versus perception.
coming companies lack market
These are companies that lack the sponsorship for these underwritings. They come to market many, many months, if not years, before they should be coming public.
delivery issue looking market moving perception promise reality versus
Our issue here is controlling delivery of voice-based data. This is nothing revolutionary ... but the market is moving from back to perception versus reality and looking at what promise do (the companies) have.
branch given individual job liked lower offering olive pressures pricing range seen
Personally, I would have liked to have seen it priced at the lower end of the range as an olive branch to the individual investors. But I think they did a superb job pricing it, particularly given the pressures they were under with an offering of this size.
investor shift wholesale
There's been a wholesale shift in investor mentality.
next rightly
Is it going to $53.25 or $33.25 in the next move? I would say it would be to the downside, and rightly so.
energy favorite leadership looking market odds sector sleeping
We are looking for the energy sector to be the odds on favorite for market leadership that could reawaken the sleeping IPO giant.
distrust financial parent safe vein viewed
There is a vein of distrust in the marketplace for many big deals. They are viewed not as a safe haven, but a financial bailout for the issuers and the shareholders of the parent company.
caught guard opening
We were caught off guard by the opening premium.