How many channel checks do you guys do?
Curious how many channel check calls you guys do per quarter - is it a significant part of your research process? Do you think their value add has gone down in the past few years?
Curious how many channel check calls you guys do per quarter - is it a significant part of your research process? Do you think their value add has gone down in the past few years?
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Based on the most helpful WSO content, channel checks are indeed a significant part of the research process. Here are some insights:
For more detailed insights, you can refer to the Q&A with an equity research analyst at a top asset management firm here: https://www.wallstreetoasis.com/forum/asset-management/qa-equity-resear…</a">Q&A: equity research analyst at top 3 AM.
Sources: Declining Analyst Quality - Fact or Myth, Future of Equity Research - 12+ Months into MIFID II, Q&A: equity research analyst at top 3 AM, Overview of the Equity research Industry, Declining Analyst Quality - Fact or Myth
In a consumer sector, all our clients have MScience and we don't, so we're doing all this work to guess at the truth is when the truth is already known, socialized among investors, and reflected in prices. B2B is a different story.
Nah 0 it’s all analyst dependent
My analyst owns those relationships. I know a bit about them, but dont even know who his checks are. Per quarter we usually get 3-5 meaningful calls and a handful that arent too helpful for whatever reason
Does he pay them or are they just willing to talk for free?
Analyst came from industry so knows a good amount of people. We dont pay for expert calls but know of some teams that do fwiw
Depends on the sector. My team does 2-3/week with most being very helpful towards forming a better investment opinion about ~50% self sourced.
4
10-12+ with docs solo. Biotech - add: talk to docs all the time/regularly host Doc dinners with a room full of pm’s
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