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To: David Bogdanoff who wrote (3398)2/21/1999 7:47:00 AM
From: Boca_PETE  Read Replies (1) | Respond to of 15132
 
David B: RE: < The methodological problems of analyst ratings are considerable >

You've eloquently described all the obstacles CNBC might face in setting up a system to keep track of guess forecasts. Can you think of ( and post) ways CNBC could overcome each of these obstacles ?

P



To: David Bogdanoff who wrote (3398)2/21/1999 11:54:00 AM
From: Kirk ©  Read Replies (1) | Respond to of 15132
 
David, you write:

Investors who knew the analyst list of recommended stocks were buying in anticipation of his Friday appearance!

My guess is these "guru's" compensation is enhanced by appearances on the show as it means their major clients get their companies plugged by the "analyst" on TV.

My favorite recent CNBC appearance was Jim Cramer asking each analyst after a recommendation for a company "does your firm do investment banking with this company?" and the answer was always "yes". To me, this was a great advertisement to turn the sound off, put on a CD and get back to the internet for information...

I have much more confidence in fund managers like Michael Holland that have a vested interest in their stocks as shareholders rather than "paid spokesmen".

Good show and keep working to improve!
regards
Kirk out