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To: Exciton who wrote (91092)10/27/1999 10:22:00 PM
From: Road Walker  Respond to of 186894
 
Exciton, re: "Actually I think it would be hilarious to see what earnings numbers the analysts actually came up with if they were unable to bounce their guesses off company officials."

They would probably be way off, which would lead to 2 things:

1. Companies wouldn't be nailed for missing by a couple of cents
2. People would invest on fundamentals, not on the analyst's motivation for publicity or for a trading advantage.

John



To: Exciton who wrote (91092)10/27/1999 11:35:00 PM
From: Gerald Walls  Read Replies (1) | Respond to of 186894
 
Actually I think it would be hilarious to see what earnings numbers the analysts actually came up with if they were unable to bounce their guesses off company officials.

"Sir? Will you make $1.20/share this year?"

Blank stare.

"$1.30?"

Blank stare.

"$1.40?"

Frown.

"$1.35?"

Smile.

"CNBC is reporting that Respected Analyst Stan Miles of Bank Massachusetts Jefferson Bleavens says that his detailed model of Foobar Corp indicates they will report earnings of $1.35 per share on Friday."