GREY:WFREF - Post by User
Comment by
d_trumpon Sep 05, 2015 3:53pm
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Post# 24081754
RE:Good article. Likes LRE
RE:Good article. Likes LREIMHO Joseph Schacter is either a moron or a crook. He has relentlessly been pumping LRE for years (check stockchase - he is the only analyst who is consistently recommending LRE). I saw a column date Jan 20, 2015 where Schacter recommended LRE for "income seeking investors". Dividend was eliminated 3 weeks later. He doesn't appear to have any assets under management but he provides advice to institutions. I suspect he doesn't hold any LRE but he has been paid to pump it, perhaps by Sprott to they can unload.
Also look at NKO on stockchase - a Schacter top pick 6 or 7 times - all the way from $90 down to $6. It's now 7 cents. What kind of a moron would make NKO a top pick in the last few years. Sure you could call it a speculative buy, but not a top pick. Every other analyst had it as a sell, don't buy etc. How could anyone be so far out of consensus.
That guy smells really bad.