If you aren't sure how a company makes money, it may not be as cheap as it seems.
○ Analysts are mostly making noise, but they can influence the market. Just for fun, let me recall: Goldman Sachs was the underwriter of Baidu, but its analysts valuated Baidu for $28, and then $45.
● Top-rated analysts move the market. Meredith Whitney from CIBC made Citigroup plunge 7%, worth $369 billion, on her research note last November. She's second-highest ranked analyst of Forbes.