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Politics : Ask Michael Burke

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To: accountclosed who wrote (49081)	2/26/1999 1:04:00 PM
From: Knighty Tin	Read Replies (2) of 132070

AR, You are more correct than you think. Not with these too jaboneys, but with real analysts. They all believe in the efficient market hypothesis, since they had to to get good grades in biz school, so they don't do their homework. At all. They simply take co. guidance/touts and massage it. The crowning moment was when top rated analyst Dan Niles admitted he hadn't even read a 10Q on a co. he follows. That is almost criminal in my book. If he worked buyside in Kansas City, he would have been thrown out the window at Waddell & Reed. <g>

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