The Learning Company (TLC) Message Board

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Technology Stocks : The Learning Company (TLC)

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To: henry watt who wrote (4437)	4/8/1998 12:22:00 PM
From: Trader Dave	Read Replies (1) of 6318

As I've said, brokerage firms don't make money or reputations by dropping coverage on names they don't like. It is EXTREMELY profitable to let the client base know that you dislike a name. Thomas, let's get copies of the notes suspending coverage, - it's usually due to an analyst changing coverage to a new universe or other re-shuffling. Sometimes, bears (or bulls) drop coverage of a stock after they've been wrong for so long that it does no good to remind investors that you were a big loser for being so wrong on a stock. It makes no sense to drop coverage if you're about to be very right! It also makes no sense to claim so much "vision" from the analysts that dropped coverage when you "hate" the analysts that still have coverage. take robbie stephens, not involved in TLC banking transactions, yet they've completely reversed their negative stance on the story - good call by the analyst thus far. Well, I'm off to meet the management and discuss the ramifications of the upcoming "restructuring." TD

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