If one were to look at the performance of the consensus estimates, you will find that history has made my point for me.
I think most experienced investors are pretty clear about this. I just started reading Guerilla Investing by Peter Siris, and this is a point he has already made early in the book.
At the beginning of this year Mark Haines of CNBC discussed a report that showed the number of analyst recommendations over the preceding year, it was something like: 12,000 buy, 100 hold, 0 sell over the whole year.
I heard an analyst the other day tell a caller about a certain stock, I can't remember which one, "it's fairly over-valued here, and at best will be dead money for at least a year. I'd hold it!" Oh OK, that sounds like good advice.
Anyway, this is all fun to discuss, but what does it have to do with HYSL? If you want to discuss the merits of Microsoft's entry into Data Warehousing, and how that product will effect HYSL, that certainly has a place here, and we will welcome that discussion.
-jsc |
