David Perry & team, Goldman Sachs International
Repeat third-teamers David Perry and his Goldman Sachs International duo are known for “high-conviction negative calls,” as one client puts it. For example, in March the London-based crew downgraded Italy’s Finmeccanica from neutral to sell, at €8.65, predicting its earnings declines would worsen on projected defense budget cuts. Through December shares of the military-aircraft producer nose-dived 66.9 percent, to €2.86. “David sees through the mirages that many other brokers focus on,” praises another devotee.