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Strategies & Market Trends : Misleading Earnings Reports
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To: Fundamentls who wrote (2)9/24/2000 4:02:39 PM
From: Cisco  Read Replies (1) of 53
 
"They (analysts) get spoon-fed the information by investor relations officers and they have a very strong tendency to put a positive swing or twist on everything," Hugh Johnson, chief investment officer at First Albany Corp., said. "They don't know because they're not told. And like sheep they follow."

Less than one percent of all U.S. analysts' stock recommendations are "sell" ratings, according to First Call/Thomson Financial data.

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