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To: port_mgr who wrote (5269)10/5/1998 1:41:00 PM
From: jeffbas  Read Replies (1) | Respond to of 21143
 
"so they have no business reason to provide research"

Unfortunately, so true. Gone are the days when a "name" brokerage firm really cared about making stock picks for its customers. Now the recommendation follows the underwriting, with little regard to the merits of the company. Put more simply, if a company wants coverage by a bigger firm, it has to bribe them. (Slightly overstated, but not much.)