@asb83 No, it's not like that. The report is very objective imv, and pretty conservative. It speaks very clearly to all of the risks, and has a bear case scenario of .50 cents (failure to monetize the platform). It's for their investors, clearly not company paid content.
The rating is Outperform, Speculative Risk. It's their initial report. I've seen these guys turn brutal on companies when they seem to under perform and not meet expectations. Very in depth valuation, and very clear analysis of the risks as well as the potential upside.
Companies don't pay to have Speculative Risk plastered all over a report. RBC's reporting on, for instance, acx, was similarly objective, well-researched, but, overall, far too conservative. In the end they were too low by a couple of dollars, and missed the immediate value that Oracle saw and paid for.
I guess they cater to some conservative investors and fundies.
It's just very interesting and a good insight into how upd will move forward, and what to expect. More on the details soon.
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