It’s just a matter of time before a strategic buyer steps in and tries to unwind the series of useless acquisitions. It has become very obvious what the ELT’s end goal is. The insane sales target for the year + the cutting of employee benefits = fattening up the hog for sla-ghter.
I hope everyone here titrates their effort down to 0. I was already checked out and plan on doubling down.
Good luck to the shareholders.
I didn’t know we had so many smart analysts in FactSet - they can really forecast an M&A by who the CFO is and what the CEO said
@af CUSIP case isn't going to settle. Plaintiffs are out for blood to destroy the tollbooth.
@fm so build that in to your model and make the recommendation to your PM already.
What if they also need to trim the fat to pay for the CGS lawsuit? The legal fees can’t be cheap nor will a potential settlement. No one is talking about how potential changes to the current “toll booth” model could wipe out massive amounts of revenue. PE won’t touch FDS until this liability is cleared up.
@d5 it was up to them to decide, and they didn't...and still haven't.
Could've been the buyside portfolio analytics route, could've been acquiring actually proprietary content, could've been improving engineering capabilities.
Instead, they went for fads and side shows.
@af I’m wondering, what is the core that everyone is speaking about? PA or AT or FactSet Fundamentals?
I got made redundant about a year ago from the London office, and I have since moved into the public sector. I would highly recommend.
Josh Warren was the CFO of Envestnet during its take private acquisition so it makes sense why Sanoke the id--t brought him in.
We’re definitely going to be taken private. All these ELT just want a big final payout for their retirement.
A few years back PE took a sniff and pass. It's only gotten worse, so highly doubt it.
Would not want to be the associate who pitches an FDS + CapIQ combe at my shop... Also d-mb.
And stop with the series of acquisitions to sell. We haven't acquired much of any import. Irwin might have some value, CUSIP is likely toxic until the case settles, and LiquidityBook will be too far integrated. Nothing else we've bought was expensive or has meaningful value (Cabot, Cobalt... True Value already shut). They never bought the right things and wasted money chasing "adjacencies" (ESG, Corporates, privates) rather than strengthening the core.
@ad just trying to see how d-mb our employees are. The layoff didn’t go deep enough I guess.
@ab wonder why you're following these threads by d-mb people? doesn't that make you the same?
Why is anyone even employed in product and engineering still? This is the problem with corporate America, they pay too many useless people to come to this site and post their thoughts because they don’t have enough work to do. There is always strawberry and other farm work guys.
Again, bunch of d-mb people just sharing their thoughts. Why would even Bloomberg buy FactSet and why would a Private Equity buy a software when AI is disrupting that industry. Just keep your stupid thoughts to yourself - and focus on coding - oh wait forgot that AI can do that better than you guys.
Honestly bloomberg just gotta acquire us at this point haha, would be much better than private equity.
Sanoke failed the company. Useless leader.