Are ER Analysts open to sharing their models?
Working in a fairly niche sector at the moment and on the buy-side at a large PE fund. In the process of aggregating information on a few smaller public companies out there within our sector and wanted to know what the likelihood might be that an equity research analyst would be open to sharing their model for someone who is not a direct client? Assuming the answer is "highly unlikely" but haven't had much exposure yet in terms connecting directly with research folks. My guess is that this request comes along more often from hedge fund analysts...
Depends on the analyst, but I'd actually say it's pretty likely. Of course there's tit-for-tat, the smart sell side ER guys are going to want to be able to use you as a source of information and you need to be willing to speak intelligently with them about the sector, but all of the teams I've worked for would've gladly entertained a request from somebody working at a recognized PE fund even if they weren't a direct client.
woooow thanks for sharing!
Thanks for the response and good point on being a source of information... Good to know that there is the possibility to have this dialogue. Typically, I've come across a few of those analysts and associates, particularly the non-senior most team members, at different industry events but I hadn't established a working relationship at the time. Certainly an interesting time right now with all public company presentations and analyst days/conferences going digital. Might try my luck here in the coming weeks.
It's likely that sell-side analysts would share their models.
just ask - most of the time they would
Hit up associates during earnings season. They’ll prob be too busy to check whether or not you’re at a client firm and will just send what you ask for.
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