atans1

What a sick joke on Olam

In Commodities on 16/05/2012 at 3:12 pm

Stock has collapsed today because analysts warned of cuts to full-year estimates after the commodity trader reported disappointing earnings  (Q3 net profit falls 22.5%  to S$98.7 million) and warned of a weak outlook.

The sick joke is that 0ut of 24 analysts tracking Olam, 18 had a buy or strong buy rating, four rated it a hold and only two had a sell rating, according to Thomson Reuters data as of Tuesday (yesterday).

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  1. The professional analysts can be so much wrong, wonder the so called retail DIY value investors how much of them can be right? After all retail investors have limited assess to research materials. Especially on the commodities sector. it is trying to guage “NATURE”. Indeed it is a difficult sector to analyse.

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