RE:RE:RE:What RBC Dominin says...(wording..)marketsense wrote: While its good to see the analysts get behind ALA with their recommendations, I can't help
smirk and shake my head after a run from $12 to $25 with only one lonely voice that went out
on a limb early on with his recommendations. I can't remeber his name but I do remember his
call around the $14-$15 levlel. He stated at that time their were some risks but he liked their
plan if they executed on it. He obviously had faith and belief in mgmt when no one else was willing to stick their neck out. Now anyone who bought after his recommendation has done
fantastic with ALA while people buying on todays recommendations are going to have wait
for a while to get paid.
I have no doubt ALA will reach $30. It may take until next year but I suspect there will be another div increase to help ease the waiting time.
That's pretty much par for the course for analysts, unfortunately. They usually follow the stock trend, being one step behind at all times. They'll have hold/sell ratings when a stock goes sideways/down and they'll have buy ratings when a stock goes up.
If you take your investing decisions based on analysts' opinions, imo you miss the real good value stocks and you may buy a fading star that's still being propped up despite getting stagnate. The real good analysts run funds (private or public) or get good working positions in M&A in a business, they don't work for the banks. I'm not saying there isn't a few good analysts here and there, but they still have to censure themselves a bit and keep with the flow (of analysts).