Dollars and Jens
Monday, February 19, 2007
On the Success of Analysts
From 1998 through 2006 I tracked the annual performance of the four stocks analysts most loved (those with unanimous ``buy'' recommendations for a large number of analysts) and the four they most hated (those with a high percentage of ``sell'' recommendations).

Over the nine years from 1998 through 2006, the stocks the analysts loved posted an average annual loss of 3.7 percent. The despised stocks did better, down 0.2 percent annually. Neither group beat the overall market.
Light but interesting.

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