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.
-wang-lao-wu(钻石王老五);
2008-4-12(#31263@43)
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.
-xjurum(要塞玫瑰);
2008-4-12(#31265@43)