Quote:
Originally Posted by Fbone
Doesn't look like the analysts have a clear idea of the company's future.
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They can't, because the current market value is a digest of the opinion of all stock buyers, the great majority of whom are directly or indirectly getting their information on what the company is worth from said analysts. If the bulk of analysts thought the price was going toward value X, it would already be there.
What I just wrote couldn't be less original -- it seems to me the conventional financial wisdom of professional economists. Before taking any such analysts seriously, read
A Random Walk Down Wall Street. (B&N EPUB is US$19.46, and no Kindle edition. I advise used paper or the public library
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