September 13, 2011 – 8:45 am
If you’re not already doing an “analyst day” every year or two, maybe you should be. That’s my takeaway from “NIRI Survey Reveals Current Analyst/Investor Day Practices” - a benchmarking study released Monday by NIRI. Key finding: 71% of the 431 investor relations professionals responding to NIRI’s survey hold a periodic analyst/investor day. It’s a chance [...]
Institutional investors are relying a bit more for equity research on mid-sized firms, regional brokers and industry-sector specialists as the bulge-bracket investment banks continue to reel from the effects of the financial crisis, Greenwich Associates reports in its 2010 U.S. Equity Analysts Study. Investor relations people reaching out to analysts might consider the changing sell side [...]
In a spirit of renewed regulatory machismo, the SEC is reportedly investigating whether generic drug company Mylan violated Regulation FD by “sounding excited” and dropping positive hints about upcoming earnings in a 2009 meeting with a analysts and investors, according to today’s Wall Street Journal (page C1). The incident is a reminder of the risks of [...]
Most of us remember a decade ago, when the stock market bubble of the 1990s finished inflating and began to spring leaks. Nasty stories were everywhere of Wall Street analysts overselling the stocks they were paid to peddle to investors. The bear market of 2000-02 led to legislative and regulatory efforts to “fix” equity research, [...]
December 3, 2009 – 4:13 pm
Equity analysts have been shipping out from sell side firms on Wall Street and establishing their own independent analysis shops – in droves - according to “Research Renegades” in the November 2009 Bloomberg Markets magazine.
The ongoing transformation of the sell side – through the financial crisis, the bear market and assorted tribulations still taking shape in Washington [...]
September 9, 2009 – 3:47 pm
The market for initial public offerings is drier than a creek bed in Death Valley, but don’t wait around for spring rains to make IPOs start flowing again, two Grant Thornton advisors say in “The Slow Degradation of the IPO Market” in the September 2009 issue of Mergers & Acquisitions.
David Weild and Edward Kim of [...]
The shrinking sell side poses a big challenge to public companies, forcing management to get out more and pitch investors directly, says Michael Mayhew, co-founder of Integrity Research Associates, which studies securities analysts and advises institutions which ones to use for various investment themes.
The universe of analysts has been hit hard by Wall Street layoffs, the [...]
Despite the wild economic ride we’re on, most companies haven’t stopped providing forward-looking guidance on earnings, according to a survey by the National Investor Relations Institute.
In an Executive Alert published May 18, NIRI says the practice of guidance continues to decline – but not very fast:
One might assume that the recent dramatic economic decline would [...]
