michael west ... a real bad loser, page-52

you know something journalists have massive egos

they don't like to be wrong

but when they are wrong they try to justify the situation in some way

eg bodgy accounting or some such thing

well it appears that Michael West a member of media is going against every analyst in town

ABN Amro 19/11/2008 1 Buy $45.00 68.5%
Citi 19/11/2008 1 Upgrade to Buy, High Risk, from Hold $35.57 33.2%
Merrill Lynch 19/11/2008 1 Buy, Medium Risk $38.50 44.2%
JP Morgan 19/11/2008 1 Overweight $40.00 49.8%
UBS 19/11/2008 3 Neutral $27.80 4.1%
Credit Suisse 19/11/2008 1 Outperform $50.00 87.3%
Deutsche Bank 19/11/2008 1 Buy $40.00 49.8%


.....and analysts are supposed to be in the business of value companies

you know they actually visit the companies and use sophisticated discount cash flow models

Journalists usually don't have time to do such things. They are too busy doing stories on this company and that.

so it looks like media vs analysts now

Or some commentator that got it wrong and wants to try and justify it and people who speicalize in studying a sector and its businesses

I know which one I'd choose.