Rachel McMinn is invested in justifying her hold recommendation in the face of a sea of buy recommendations. The fact that she the lacks insight and the experience necessary to be a good biotech analyst even though she is good at collection numerical data doesn't stop Merrill hiring her.
In general, I don’t think much of sell-side analysts, but McMinn is one of the better analysts covering the biotech sector, IMO. She has made some especially good calls in the HCV arena.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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