After he oversaw $8 billion-plus in losses at Merrill Lynch
While the troubles of other struggling firms like Bear Stearns
But what of Goldman Sachs
With Goldman not only back well above its August lows (50% higher actually, but who's counting?) but also hitting new 52-week highs, the question has to be asked whether it will be able to completely sidestep the problems that are clobbering its competitors.
On The Motley Fool's CAPS service, the stock has three stars out of a possible five, suggesting that CAPS members think the stock is a middle-of-the-road idea. But overall there are 2,414 CAPS players who are bullish on the stock against just 174 who think the stock will underperform the market. One CAPS player who is bullish on Goldman, nycguy, quipped, "These are the smartest guys in the room right now. I want to put my money with smartest people in the room."
Personally, I think Goldman has an army of freakishly smart, mutant traders who have been minting money for the company. Will they continue to hit grand slams? Well, that's part of my problem with the stock -- because the company is so opaque it's really tough to divine that. For those who want a little black magic in their portfolio, though, a trailing P/E of 9.9 gives a fair amount of room for error.
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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. Bank of America is an Income Investor recommendation. The Fool's disclosure policy has never once been caught with its pants down. Of course, it doesn't in fact wear pants ...