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Pastimes : Analysts Exposed- Jamie Kiggen (DLJ)

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To: BWAC who wrote (135)12/8/2000 2:16:38 PM
From: who cares?  Read Replies (3) of 263
 
It was Jamie.
www2.marketwatch.com
CSFB analyst goes undercover at Amazon.com

An analyst's job has gotten a lot harder since the Securities and Exchange Commission full disclosure rule came into play. Just ask Jamie Kiggen at Credit Suisse First Boston. In what may be the best example to date of how Reg FD has changed the relationship between analysts and the companies they cover, Kiggen recently went undercover at an Amazon.com (AMZN: news, msgs) warehouse. In a research note to clients Friday, Kiggen reiterated a "buy" rating on the online retailer's stock after spending several days "picking stock" from Amazon's Delaware distribution center warehouse shelves and assembling orders. Kiggen said he was hired as a result of a standard job application process, without the company's involvement. As part of Reg FD, public companies can no longer give analysts first dibs at material information. So now they are left to scrounge for information like the rest of the public.


Hey Jaime, you ever stop to think that all those boxes you allegedly boxed up were going out free shipping? You do realize that free just means to consumer, Amazon still pays.I swear some people don't get this). Volume of crap shipped don't mean a lot when they have to ship for free and give all kinds of rebate incentives to make it happen.

You know someday soon, the most legit job on your resume is going to be the AMZN warehouse for a couple of days one.

CMB
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