SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Analysts who are really, really bad
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Trey McAtee who wrote (7)3/22/1998 10:22:00 AM
From: Thomas G. Busillo  Read Replies (1) of 25
 
Trey, hey, how about that Dan Niles <g>

The guy upgrades MU to a long-term attractive on MU prior to earnings despite:

A) going on the record w/ a reporter several weeks back saying he expected MU to give lower guidance.

AND

B) telling clients in the upgrade note that MU could possibly fall to 30.

Of course, the folks watching Spin Central/CNBC might have appreciated a little more thorough reporting on that call other than "Robbie Stephens upgrades MU".

And then MU does manage to post a nice little downside surprise, which IMHO raises some interesting questions:

"Dan Niles, what exactly was it that would cause you to say that MU could drop to 30 concommitant with you issuing a long-term upgrade? Did you Mr. Niles get the 'guidance' you had expected?"

Good trading,

Tom
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News