I take it " c’mon James. It’s Morningstar Quantitative ! " means you find Morningstar a bit of a joke
220 Billion US dollars worth of assets under their management.
Over 400 thousand retail Subscribers and untold thousands of Institutional funds, brokers and independent investment advisors that buy in to Morningstar's research creating a massive $1 B in revenue for them @ 2018 ....... but for some reason their rating is seen as something to joke about ?....
If it was Motley Fool I could understand but seriously ..one must be deluded to believe Morningstar's ratings do not impact a large quarter of the markets (both retail and commercial) FA
but it is funny how, on this very board, when the SP sat at 2.7 their 4.2 rating for PIO was championed and again at 1.8 their 2.2 call was met with smiles ... all received an abundance a Tu's
Just because I may personally believe Trump's a muppet, Coca-Cola tastes like crap and Fords are garbage doesn't mean their impact on reality is nothing, so too one personal belief Re Morningstar shouldn't blind you to the reality
Think about it ... they are offering those that respect their analysis 35% profit from here. ..... there are some that will take that and run with it
That in itself, right there, is what builds resistance,
Its contributes to what so many are all too eager to call the "manipulators" the "cappers " when all they are are investors buying and selling within a Quantitative given range (happily provided by the Morningstar and the likes)
When after all the supposed good news ... production anns , profit forecasts etc .... 0.015 from Morningstar is the best they could come up with then yes ... ouch! is an appropriate exclamation for this stock .... it will hurt ....
no matter how witty of not you perceive my posts
