That's simply not true - equity analysts can cover anywhere between 5 and 500 stocks, do you really think they have the time or skill set to track all of that? It really is laborious, grueling work.
If you look at the possible returns the equity market is going to make from a stock in a dollar value, and how much research spend is as a percentage of that, you'll quickly see it doesn't pay for much.
You can tell simply by looking at the broker research - that's probably the extent that analysts take things.
The big stocks obviously have a lot of it happening. (eBay listings, airline pricing etc is obviously touted a lot)
But once you start to go down to the mid caps, you enter a void where there isn't much heavy data focused research done, and it's very possible you can have a better gauge of the business than any other investor on the planet once you pull out this data out.
If you look at the possible returns the equity market is going to make from a stock in a dollar value, and how much research spend is as a percentage of that, you'll quickly see it doesn't pay for much.
You can tell simply by looking at the broker research - that's probably the extent that analysts take things.
The big stocks obviously have a lot of it happening. (eBay listings, airline pricing etc is obviously touted a lot)
But once you start to go down to the mid caps, you enter a void where there isn't much heavy data focused research done, and it's very possible you can have a better gauge of the business than any other investor on the planet once you pull out this data out.