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Schrodinger
18-02-2016, 03:58 PM
Be careful who you get advice from and always get a second opinion on a valuation before you buy....

"Charles Grom recommended buying shares of a discount retailer, Big Lots, in a March 29, 2012, report while telling colleagues internally that he didn't downgrade the company because he wanted to maintain his relationship with its management, the Securities and Exchange Commission said in a statement Wednesday. Grom agreed to resolve the SEC's allegations without admitting or denying wrongdoing"

http://www.theage.com.au/business/markets-live/markets-live-bulls-strike-back-20160217-gmx0uk.html

macduffy
18-02-2016, 04:27 PM
Yes, "Chinese walls" leak sometimes! Some investors believe in taking the contrary view on brokers' and investment newsletters' recommendations.