Saturday, April 19, 2008

Wall Street analysts and GOOGLE

Google shares ramped up about 80 points on Thursday after the close of the market when their earnings were announced. Putting blind faith in Wall Street earnings estimates takes a leap of faith, just ask any stockbroker worth his commissions who gets his clients "killed" on analysts calls.

Analysts frequently get it wrong, they aren't paid to be right, something we all agree on is how they get paid on how much they are right and how much commission flow is generated by their calls or how much fee revenue is generated because of their research coverage that drums up investment banking fees. An illustration of this is clear in Google's earnings that beat estimates on Thursday. Most analysts on the stock had issued negative outlooks, citing the economy and slowing paid clicks as reasons for reducing estimates and price targets.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173