Saturday, April 21, 2007

Research house recommendations? Crack'em!

Was reading a research report by a firm called - First Global (does it sound like a familiar name?? flash back 2001!!!). Was awestruck with their latest recommendation.

Petronet LNG - Long-Term Moderate Outperform.

Wonder how many of their clients wud have understood what is to be done with Petronet LNG, given the kind of recommendation??? You either say - BUY/HOLD/SELL. What on this earth does LONG-TERM-MODERATE-OUTPERFORM mean??

FG usually offers ratings from the list of following recommendations (which in itself is quite a long list of recommendations):

Positive ratings
- Buy
- Buy at Declines
- Outperform

Neutral ratings
- Hold
- Marketperform

Negative ratings
- Sell
- Sell into strength
- Underperform
- Avoid a new addition to the list. All the best FG clients.

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