Thursday, September 11, 2008

Analysts are geniuses...

If you go to Reuters website you will find an article:

Analysts see tough 2008 for Lehman, widen loss view

It starts with:

(Reuters) - Wall Street analysts cut their ratings and widened their 2008 loss estimates for Lehman Brothers Holdings Inc, indicating that the troubled investment bank's efforts to shed risky assets may not be enough to curb rising losses.

These analysts are really smart. They widened their LEH loss estimates.

Look at LEH chart. Would you have ever lowered your own estimates on LEH? Or would you have waited for LEH to go from $60 to $7 before cutting your estimates?

Smart analysis...

1 comment:

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