Excellent answer. In the old days analysts used to recommend stocks because they really wanted to make their clients money. It was the idea first, and then maybe some investment banking business down the road. Now investment banking comes first, for example, have you noticed any IPO's come out and shortly thereafter a recommendation by the firm who brought them out?
Need money, underwriting, M& A,?? sure we can do a research report on you. Just a great story, will get back to you.
Merrill,Lynch brought RADAF public, but I would be shocked to see them recommend it again. Your last question is an intriguing one.
He is supposed to be top guy in industry, and one hell of an analyst
You also asked what determines when an analyst would pick it up, you would think after 4 sequential great quarters, new product introduction, high visibility of continuing success. just things like that, which makes stocks go up. |
