Latest from the "intelligent investor" (intelligent in name only IMHO).
(from etrade website)
"Our research director explains a change in his personal view on one of our top recommendations. Hi, my name is Greg and until recently I was a Flight Centre bear. Well perhaps bear is a bit strong, but I was certainly not convinced by our positive recommendation on the stock. But over the past year I’ve read the excellent special report by our Flight Centre experts Gareth Brown and Tony Scenna, Looking under Flight Centre’s Fuselage, Mandy Johnson’s book, Family Village Tribe, and I’ve taken a long, hard look at the company’s financial results. And I’ve changed my tune."
So there you go - they were happily recommending FLT even though the research director thought it was a dud.
I rate the intelligent investor as AVOID
(from etrade website)
"Our research director explains a change in his personal view on one of our top recommendations. Hi, my name is Greg and until recently I was a Flight Centre bear. Well perhaps bear is a bit strong, but I was certainly not convinced by our positive recommendation on the stock. But over the past year I’ve read the excellent special report by our Flight Centre experts Gareth Brown and Tony Scenna, Looking under Flight Centre’s Fuselage, Mandy Johnson’s book, Family Village Tribe, and I’ve taken a long, hard look at the company’s financial results. And I’ve changed my tune."
So there you go - they were happily recommending FLT even though the research director thought it was a dud.
I rate the intelligent investor as AVOID