Tony, RE: Niles has an agenda, pretty sinister if you ask me, squabbling over about 1.5%.
He's got an agenda, sure, but I don't think it's quite as sinister as you imply. He just wants to appear like he's correct, so he's going to spin any news at all as if it is negative. If people perceive him to be correct, then his stature goes up.
Look at Osha with Intel yesterday. He had estimates for the rest of this year that were clearly above the Street. That way, he could cut his estimates after Intel reported earnings and claim that the guidance was worse than he expected. And given that he's got a 2002 estimate (at 74¢) that is still way above consensus, he'll probably play the game for a while longer. It's an old, lame trick, but based upon the same premise. If you can spin news to fit your premise, somehow it might increase your stature. Games like that are pretty transparent, though. |
