Agent Zero/Rocket Rod

Excerpts taken from http://www.thestreet.com/story/10447426/1/analyst-does-a-u-turn-on-gm.html

A Deutsche Bank analyst recently came out with a price target for General Motors: zero

Who was this man? Rod Lache

Let's take a lo0k back to a few years ago.

In July 2005, when automobile sales hit a record thanks to heavy promotional activity, Agent Zero was quoted prominently in a New York Times story. "'The industry is on fire,'" Lache said.

Less than a year later: "Dow Reaches 6-Year High After Analyst Upgrades G.M." "G.M. rose $2.25, to $25.80, after Rod Lache, an analyst for Deutsche Bank, raised the stock one notch to hold, citing progress with its revamping and recent moves to generate liquidity."

February of 2007, Deutsche Bank analyst Rod Lache raised his rating on GM and Ford to buy from hold, saying that there is an 'increasingly high probability that U.S. automakers will be able to restructure and settle their retiree healthcare obligations at a discount"

September 2007, "Deutsche Bank analyst Rod Lache reiterated to clients in a note that if GM is able to reach a deal to shed billions in retiree health-care liabilities and shield itself from future health-care inflation, the stock could break into the $50 range."

January 2008: Agent Zero/Rocket Rod was quoted as saying that automakers had already priced in a recession, and said General Motors was a safe investment.

November 2008: Rod Lache declares that General Motors has a Target Price of ZERO.


Conclusion: Rod Lache. You SUCK. You suck ASS.