The mystery analyst(at least in that version of the PR) Ray Dirks has quite a reputation and his estimates are about as acurate as your Francoise. Here's a splendid example.
j-birdrecords.com
An excerpt.
"J-Bird Music Group, Ltd. today announced that it has established an investment banking relationship with the firm of Security Capital Trading, Inc. Ray Dirks, the well-known securities analyst, is currently recommending the purchase of J-Bird stock, the Wilton,
Connecticut-based Internet record label. This comes on the heels of J-Bird's recent announcement of the signing of rock legend Billy Squier, who has sold more than 15 million records during his illustrious career.
In a 14-page analysis of the company's two-year history and prospects,
made public on July 13, 1998 by Security Capital Trading, Inc., J-Bird Records is recognized as a company with "huge potential that has not yet been discovered by the investment community." The study concludes with the recommendation that "shares of J-Bird are recommended for purchase by very aggressive, long-term growth oriented investors who are seeking a low-priced stock that offers a considerable upside potential."
Eye balling a chart i'd have to say J-Bird ran from about 80 cents to $1.60 on this fine analysts recommendation, before the unfortunate onset of reality brought it back down to it's current 31 cent level.
CMB |
