I wonder if sometimes they are a bit behind or wait a long time for recommendations.
I think most analysts are good in some sectors and poor in others.
Even the worlds best analyst/investor, Warren Buffett admits he sometimes gets it wrong.
Not very often though.!
To be fair to Craigs they updated fairly quickly after the result whereas FNZC took considerably longer.
I guess to be fair to analysts they have a lot of companies reporting in a short period of time so its impossible to update all their company analysis at once.
I take a bit of comfort from FNZC and Craigs rating SUM highly but its pretty clear from my posts on here dating back over the last few years I've consistently held that view whereas the analysts have come to the party pretty late. Better late than never though...
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Craigs' updates are a result of MET and SUM presentations at Craigs "industry day".
Bit of a waste of time, when all they have to do is read Beagle on Sharetrader to learn everything they need to know about the sector.......lol.
Oh dear, no Welly get together this year as SUM are holding their AGM in Auckland.
And beagle was looking forward to fly Jetstar
Will be voting against that Ogden guy being re-elected. Been there long enough and hasn’t been the ‘luckiest ‘ of Directors of late and wouldn’t want him to curse Sum
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by Beagle
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