Understanding who initiates coverage of an equity and why can be revelatory, to an extent.
Of course what matters is expectation and delivery - something Marathon has going for it on both ends. It's a solid company.
The analyst (Amit Dayal) that initiated coverage on Marathon was previously at Rodman & Renshaw for 7 years.
Also, who Marathon hires as investment banking advisers is important and can be indicative of what might be in store for them in the future.
I'm hoping they align themselves with a bigger name in IB. I'm not saying they are doing business or going to be doing business with H.C. Wainwright & Co in the future, but it's possible. If that is the case, in my opinion, is not a good sign.
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