Interesting ER Article
"One growing and unheralded role analysts play is in connecting their buy-side clients to managers of the companies they cover through meetings, conferences and field trips. In one recent high-end excursion, an analyst signed up 15 top clients, chartered a plane and took off to meet with executives at half a dozen companies in the course of a few days. One buy-side firm paid the analyst more than $100,000 in trading commissions for the trip.
The face-to-face meetings are the latest offering by an industry hurt by a poorly kept Wall Street secret: Its traditional buy-sell-hold recommendations get scant heed from investors."
Any truth to this statement or overall thoughts on the article?
Note: I am not currently in ER but interested in moving into it.