Stock Talk - Ep 104 - Stock analysts still shooting blanks

When I started my consulting business, my main work centred around doing investment analysis on Canadian stocks and companies. My main motivation at the time was that it was very hard to find credible, independent, and unbiased financial analysis. Back in the mid 90's, the investment industry was rife with conflicts of interest. Investment reports was more of marketing copy for investment banks to promote their IPO's. Sell recommendations were few and far between. It's been almost 20 years since that insanity. Some regulations were introduced after the Dot Com, Nortel, and Enron meltdowns. Has anything changed? Is investment research better now? In this episode I share some recent stats that appear to show that investment analysts continue to shoot blanks.