This is a follow up to my initial posting. Stifel Nicolaus downgraded Dover Downs on valuation? The fundamentals, business model,2006 and forward guidance have not changed,and recently the 20 day MA crossed over the 50 day MA. Also DDE recently reported record results for the third quarter and has declared a dividend of forty-five cents, all positives. I wonder if Stifel Nicolaus own shares of DDE or for their clients? The stock closed down today sixty-six cents on low volume. Go figure. Lastly, I wonder what is S.N's ulterior motive.
11/16/06 Shouldn't the question be,who is Stifel Nicolaus? It cetaintly is not a household name that you can idenitfy by and Yahoo doesn't even list them on their Analyst Performance Center. I hope that those that have sold off today have some strong information other than Stifel Nicolaus downgrade.