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Friday, June 10, 2005

Brokers' stock research revisited

Brokers' stock research revisited
Seeking Alpha
June 9, 2005
The Wall Street Journal quoted an Investars.com ranking of brokerage research. Its conclusion? "Brokerage firms' own advice on when to buy and sell stocks is becoming more reliable". That's the good news. Here's the bad news:

In the Investars ranking, six out of 23 brokerage firms research recommendations trailed the S&P 500 over the past year. Just think – that means that in aggregate those research departments destroyed value in addition to their cost.
Read further:
Seeking Alpha: Brokers' stock research revisited

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