RE:RE:FOLLOW UPBePatient, I 100% agree with you about taking analyst perspective with a grain of salt. Personally, I have such disdain for them, I think a pound of salt would be more appropriate. If you look at almost any stock thoroughly, you'll see just about every perspectie under the sun. But of course that is the case. We see this play out on each and every trade that goes through. Someone thinks it's going up and buys. Someone else wants out and sells.
What I REALLY don't like about the industry is their "after the fact" analysis...changing their outlook (up or down) after a given quarter. Ummm, thanks for coming out genius. As well, I don't like that they rarely ever say "sell". The code for sell is "hold".
While I do think all perspectives are worth reading and entertaining, at the end of the day it's you who has to make the best decision.
BePatient4now wrote:
Star, if you look back at 2018 for example. The sp was climbing good and fast. All analysts were able to read the same informations, balance sheets, etc. On BBD. While the SP was heading to 5.00 some analysts were screaming a strong buy and saying that the target was 10.00 and even more. So many put their faith in what they were saying and came all in. Other analysts were not so excited about this stock and prefered to stay away for the moment. Who was right? On June 2018 the SP went to 5.20 to an incredible drop to 1.85 in 8 months only and then .26 October 2020. Imagine how all those that listen to the good analysts felt then because of the exaggerated pumping that was made. Remember then that some were calling BBD the Best found on the Tsx just before the crash. Today who to believe to be a good analysts. Go on Bloomberg and listen to what they say about BBD. Some are Bullish and others are not interested in this stock for now. They all have the same informations about BBD but are divided on the outcome of this stock. You see why future price forecast are interesting but should be taken with a grain of salt. It's always better to do your own personal DD and getting educated and surrounded by experience traders and learning to be careful with exaggerated claiming things on this board.