I particularly like the bit in the Disclaimer that says "Our sales and trading representatives may provide oral or written opinions that are contrary to the opinions expressed in this document. "
Now why would that be do you think????
One staff member writes the report but Moelis reserves the right at any time to advise against his/her recommendation and advice????
So, although we wrote the report, we won't stand by it........unless it turns out to be accurate ..or... unless we have to....
new email out, page-115
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