To: stan_hughes who wrote (186411 ) 8/7/2002 2:32:56 PM From: Knighty Tin Read Replies (1) | Respond to Stan, It is true that a very large firm like Fido has a pretty good and large research staff. But most institutional firms do not. They mostly do "secondary" research, which means they may do "original" research on the top few holdings of the company, but use brokerage research to "follow" the rest. Even the few on which they do "original" research are rarely researched with the depth the street does it. For example, the average street analyst follows 7-12 companies. The average buyside analyst follows 50-100 companies in 3-5 industries. One mutual fund company I worked at, and it was not a small co., had 4 analysts on staff. Our main competitor in town had none. Another smaller fund co. I worked at had 10 analysts, though I was one of them, so that was the equivalent of having 20. <VBG> And they considered themselves research driven.
