When we decided to do the Analyst of the Year Award we were faced with a choice of two different options. We could either go blindly by the analyst’s company picks and choose the one which would have made the greatest return for investors following his stock picks, or we could try and find the analyst that not only has a very good understanding of the companies and its financials but also has a good understanding of the shipping markets. The former is tangible but limited, the latter is intangible but more flexible.
With a volatile industry like shipping, where stocks are as unpredictable as the freight rates, we feel that it is important for an analyst to be able to use his own understanding of the markets and add that to his knowledge of the specific company in question. Analysts that rely too much on third party information tend be followers rather than leaders, and if you want to make money on stocks, one must act fast. So we have chosen to focus on a select few reports that we think show exactly this.
This is only an excerpt of Research 2000: ANALYSTS OF THE YEAR
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