Sharing the Love (Lost?) for Brokers with Lady Gaga
According to a report in MarketWatch, Genworth Financial is selling common stock to raise roughly $500m in new capital. We say good luck to Genworth (GNW) and hope brokers trying to sell the stock don't cross paths with pop burlesque princess Lady Gaga. The artist recently told BBC Radio One that she is most driven to succeed in order to impress her father; and then sang a piano-only rendition of her hit Poker Face (not forgetting the line where she claims to be 'bluffin' with her muffin')." Certainly it's catchy stuff. And now it's bleeding over to brokers, with this latest version coming to us from a Wall Street insider: Broker Face (sung to Poker Face - Lady Gaga) I want to trade 'em like they did in Ninety Three! Bid em, let em hit me , raise it Nicky stay with me, I love it! Fed is on a mission, buy the bonds, their trades won't stop, and after you get short, you'll buy your bonds right at the top! oh-oh,oh,oh oh-oh,oh,oh Send an ax to Scott, show him what I've got! oh-oh,oh,oh oh-oh,oh,oh I'm in a bad spot, forget bout that yacht! can't hit my, can't hit my cant hit my broker face. (Dealerweb broker got no body) For those wondering, Genworth shares fell 4.4% to $10.89 in late-trading action after the announcement, with Goldman Sachs, Bank of America-Merrill Lynch and Deutsche Bank Securities the joint bookrunners for the offering.