FUNDAMENTAL stock analysis takes you only so far.
Morningstar, best known for its mutual fund research and ratings, began offering stock analysis five years ago.
In fact, there's a growing body of evidence to demonstrate that stock analysis is as screwed up as ever.
Wilson was a sometime success in stock analysis on Wall Street, and the Great Crash of 1929 simply enhanced his proclivity to depression.
[Page C2.] Salomon Executives Face Civil Case NASD has advised two executives at Salomon Smith Barney that it is considering bringing civil cases against them for their role in the publication of dubious stock analysis.
Strong-form efficiency suggests that all fundamental stock analysis, of the sort frequently carried out in brokerage and fund-management firms, is pointless.
Mr. Stedman is a partner in Alkeon Capital Management, a New York hedge fund, for which he does stock analysis.
Correction: September 1 , 2002 Sunday An article last Sunday about stock rating systems misstated the way one investor, Henry Hill of Coral Gables, Fla., has used research by Value Line, a provider of stock analysis.
In part, this may be a reaction to the diminished appetite for stock analysis in a bear market, but more likely many analysts prefer to assume a lower profile while their firms' research activities are being investigated by regulators.
"The downside of this deal is that it removes an important source of cash flow for Global Crossing," said Michael Hodel, a telecommunications analyst with Morningstar, the mutual fund and stock analysis company.
