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me76951

10/26/11 4:07 PM

#33288 RE: Rocker4 #33287

Read the harbinger report! Read all the PR's, CEO news letter, Live interview and Check out pictures or even look up the adresses. You should prove to me why I should think GNRO is a fake company then I will concur....

http://a.eqcdn.com/harbingerresearch/media/5e245ffd75f483d5f0c6af5a7a581ebe.pdf

"Distribution of Ratings" – How Does This Apply to Harbinger Research?
The conventional wisdom states that you can tell how objective a research department is based on how its ratings are distributed; the implication being that departments and firms that only rate companies positively must not be very objective. However, we believe this logic is flawed, and is inapplicable to a company like ours. Here’s why.

In many cases, the enrolling company will be the purchaser of our research coverage, and it is a business reality that corporate executives are not likely to be happy paying us to say their stock is overvalued. Because of this business reality, we allow paying companies to opt-out of coverage once we have completed our research, but before we write our initial report and initiate coverage. This allows us to maintain research objectivity without creating an unhappy customer base. It also creates a structural bias to the companies we have under coverage – we are unlikely to be hired by companies that believe they are overvalued, and hence it is natural that most of the companies we cover will be rated Neutral or better.