Can't get their report but the firm is a consulting firm to hedge funds, and claims an 80 % success rate in their calls. They seem to be selective in their sell and buy recommendations. So the reason there's so much impact today is their clients are acting on their recommendation.
Off Wall Street Consulting Group, Inc. is an independent stock research firm based in Harvard Square, Cambridge, MA, that provides fundamental equity research and buy and sell recommendations to hedge funds and other professional money managers. Its mission is to provide clients with profitable, action oriented, and exceptionally thorough fundamental research at a cost effective price.
Off Wall Street seeks to identify stocks that have the potential to make significant percentage moves. When recommended for sale, these stocks often have relatively high valuations or deteriorating fundamentals, and are going to have negative earnings surprises. For example, Off Wall Street examines growth stocks to see what could go wrong fundamentally in the perceived business model. Off Wall Street also examines accounting problems to see if they indicate fundamental problems. When recommended for purchase, Off Wall Street seeks low risk, high return situations. These are often special situations, such as spin-offs, unloved stocks with good balance sheets and better than expected prospects, and turnaround situations. All research has a contrary bent.
Recommendations are triggered when Off Wall Street thinks that actual financial results will create a change in investors' perception about the value of a stock. Off Wall Street's research explains in detail why this turn in events should happen. The focus is on changes in expectations and in perception. Earnings disappointments are often driven by business model issues, operational problems, and by balance sheet or other accounting adjustments. Earnings surprises are often driven by better than expected fundamentals.
Off Wall Street was founded in May of 1990. Off Wall Street has an extraordinary track record of offering outstanding fundamental equity research. Its recommendations have been right over 80% of the time since inception. The Off Wall Street's short portfolio has consistently outperformed an S&P 500 derivative short and an RTY derivative short by substantial amounts, and has rarely had a quarter in which it did not outperform its benchmarks. Buy recommendation results have also been excellent and have exceeded benchmarks. All results are documented in detail quarterly for clients