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Non-Tech : Papa Johns Pizza
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To: Bill Harmond who wrote (8)2/17/1997 1:09:00 AM
From: Philip H. Lee   of 40
 
Have you found a relationship between a stock's primary market maker, its research rating on the stock, and the stock's subsequent performance? For instance:

Alex Brown has a "Strong Buy" on PZZA, as of its 2/1/97 research report.
It was also PZZA's #1 market maker in January 1997, handling 45.46% of volume.

The other market makers are in the single digits. Montgomery was #2 with 8.84%, Troster Singer had 8.40%, Raymond James had 6.16%, and a bunch of others had smaller percentages. (Source: Bloomberg)

Philip
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