SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Prophet who wrote (51)5/11/2002 12:03:55 PM
From: Dave Gore   of 589
 
On Analysts: "analysts play a dual role that is often deadly for investors."

- From "The Betrayed Investor", "Business Week", Feb. 25, 2002, p. 112

"What's worse, since they often get paid according to how much investment banking business they can drum up for their firms, analysts play a dual role that is often deadly for investors. At the height of the bull market, Salomon Smith Barney telecom analyst Jack Grubman had buy recommendations on practically all the companies he covered. During that time, Salomon was loading up on investment banking fees from telecom companies, racking up almost $1 billion since 1997 - more than any Wall Street firm.

Now, nine of the companies Grubman cheered during the telecom craze are trading for less than $1 a share. At least four are in bankruptcy."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News