I totally agree! His article pointed out some great financial positives and then ended up saying that since the stock has had such a substantial price decrease and we don't believe there will be a significant change in the (positive) financials, we are downgrading from a buy to a hold. What a useless POS rating! I think he is in essence saying "Since our hedge fund buddies successfully shorted this stock into the ground, you clueless retail investors should sit on the sideline while our hedge fund buddies now drive this stock to the moon".
Things to consider when you read an article by an analyst.
-Cramer himself has stated at many times, to not trust anyone, because they have their own agenda, and you don't know who is paying them.
- When an analyst wants to issue a hold, on a growing company, they will use backwards looking earnings. 4 quarters ago, EPS was .37
-When an analyst wants to issua a buy, on a growing company, they will use forward looking earnings. analyst estimates range from .6 to .8 for this quarter, do the math and their is your range.
- same with news, they will mention mainly negatives if the want a 'hold' and mainly positives if they want a 'buy'.
Smart ones, will include just enough of the opposite type of information, that provides an appearance of credibility.
Technically, I agree with Cramer on one thing, and you really shouldn't even trust me. Although, I along with all other SA authors, do disclose our positions at least. Also, I've been focused on explaining the business, rather than writing about fundamentals, and technicals.... so far... that's going to be changing, as my original intention was to share all my fundamental research, and maybe make a buck or two writing about it.
It's a little pointless to complain about a rat, who acknowledges constantly that he is a rat, and states very explicitly that you can't blame a rat for acting like a rat.