Seriously, Paul Santos wrote 60 aricles in 2012 bashing Amazon. He bashes Amazon from every perspective imaginable. He's been short Amazon over 1 or 2 years. He doesn't even keep track of his loses, I've asked him.
Yes. He risks his own money basedupon his analysis. The analysts help drive more commission on other people's money with what history has already shown is not intellectually honest analysis. Rather than look a the facts and course correct, they increase the hockey stick (and even when they reduce the hockey stick as MS did, do not adjust price targets or recommendations). Trust is being destoyed daily and will prove to be the financial sectors undoing.
Humorous to see the reaction to Target. I have to look more closely, but the article I read suggested ex- Canada (TGT investment in growth) earnings grew... This will likely prove another interesting example of a broken market...
You mean his intellectually honest analytical critique using actual / historical data rather than the analysts offering hockeystick earnings projections through 2017 despite having to systematically revise downward for years?