Have Analysts Gotten Honest?Written by Mark Mahorney
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This didn’t do much for my confidence in analyst ratings. So I dug a little deeper looking at more statistically significant S&P 500. What I found was that companies in index with worst revenue performance did actually carry more sell ratings than companies with best performance. At least analysts were using sell rating, something they seldom did in past. There was, however, a significant bias towards neutral ‘Hold’ rating for all stocks indicating reluctance on part of analysts to commit to buy and sell recommendations. Mark Mahorney MarketSpectator.com BlogginWallStreet.com MarketBlog.com
Mark Mahorney is a freelance financial writer for hire.
| | Utah, the Nation’s Bankruptcy CapitalWritten by Charles Essmeier
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percent of citizens of Utah are members of Church of Jesus Christ of Latter-Day Saints, and members are encouraged to have large families. It costs more to feed, clothe and house a large family than a small one.
Utah has more families with only one wager earner. Large families mean more stay-at-home moms, so a lot of families must get by on a single paycheck.
Utah’s wages are lower than average. Many high tech companies have relocated to Utah in recent years, but “high tech” jobs they provide are often telephone customer service jobs, which typically pay $8-10 per hour.
Members of LDS Church are expected to tithe 10% of their income to Church.
While Utah’s home prices are not among highest nationally, they are fairly high when compared to average wage within state.
The combination of large families, fewer workers per family, church donations and low wages have contributed to an economic environment that makes it very hard for many Utahns to stay afloat financially. This is in direct contrast with arguments put forth by Congress when new bankruptcy law was proposed, which suggested that most people filing for bankruptcy are simply irresponsible. For many hard-working people in Utah, new law will make it harder than ever to make ends meet.
©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and StructuredSettlementHelp.com, a site devoted to information regarding structured settlements.
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