Re: analyst/company access
<<I think individuals do have equal access to info. All one needs to do is pick up the phone and call
company XYZ and pose their questions.>>
This may be true of small caps, but not the widely covered
firms. Theoretically, we should identify ourselves as shareholders
and get a direct line to the top brass if we so request. No.
I recently created a stir with some comments, and when I
was called by the company, the general manager was already on
the line with Robby Stephens, giving personal guidance. I get their
head tech guy who doesn't really know much. Remember, the analysts
command an audience because they inspire fear.
Analysts? They are not paid to talk to the press or the small
investor. There is always a secretary saying" I'll take the message."
And then I get called back 1 in 10 times with limited info.
The SEC needs to limit analyst-company contact because it is unfair,
but it won't. Wall Street is founded on this contact.
There is no doubt that the system is unfair. Playing in big,liquid,
widely owned, widely followed companies makes the problem worse. IMO,
the way to play these is to wait until the good companies
fall due to short-sighted analysts and institutions. Quantum
fits in here. A long-term >2-3 year time horizon lifts the
small investor above the din - no one on Wall Street is really
looking out there.
Mike |
