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Nautilus Inc. Message Board

  • vrwc_member1 vrwc_member1 Mar 3, 2006 2:03 PM Flag

    Analyst-speak translated

    The analyst says:
    "We are recommending investors move to the sidelines and wait for more visible signs of improvements before jumping into the stock," Eric Wold, an analyst at Merriman Curhan Ford & Co., said in a client note Friday.

    Translation:
    "After upgrading NLS to a BUY on 09/19/2005, when it was trading at $24+, we are now downgrading it to a HOLD at $15+ and recommending that investors sell at today's drastically undervalued price, take the 37% loss that our earlier call cost them, and wait for more visible signs of improvements before jumping back into the stock at the much higher price that the shares will then command, at which time we will reissue our BUY recommendation."

    Sheeze, how do these analysts stay in business?

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    • "
      Translation:
      "After upgrading NLS to a BUY on 09/19/2005, when it was trading at $24+, we are now downgrading it to a HOLD at $15+ and recommending that investors sell at today's drastically undervalued price, take the 37% loss that our earlier call cost them,
      "

      Good observations.

      "Sheeze, how do these analysts stay in business?"

      A lot of people seem to be confused on this point. Sell-side analysts aren't paid for accuracy, they're paid for sucking up to potential investment-banking customers.

      Salespeople are paid to sell stuff, not to give accurate advice to Joe Public.

 
NLS
11.99-0.22(-1.80%)Aug 28 4:06 PMEDT

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