Wednesday, February 20, 2013

Analyzing the analysts

I see where the wizards at Canaccord Genuity made some headlines today with a bleak prognostication on the future of RIM/BlackBerry.

The future of Canaccord Genuity is actually far bleaker than that of RIM, but there is no way for the average reader to know that when they read the grim headlines at the Montreal Gazette or the 101 other portals the story found its way to.

Canaccord ranked 14th out of 15 surveyed investment advisers in the most recent JD Power Investor Satisfaction Survey. They've been losing money hand over fist. They've been very vocal about shorting  RIM for months. 

They'll be out of business long before the wizards from Waterloo.

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