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Ratings - An Explanation
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provides 100% Independent and 100% Objective Buy-Side Research. We perform no corporate
underwriting or equity offerings. Our analysts have freedom to say what we think - not
want companies want you to hear.
Our analysts probe management to understand the real trends. We use our intelligence and our instinct. All this is supplemented with daily fax and computer updates of comments on broad economic and interest rate outlooks coupled with timely industry and individual company information from published sources. Our analysts issue 4 types of ratings (Buy, Neutral, Avoid, Sell) for two different types of investors (short-term and long-term). Short-term is defined as a period of less than 1 year and long-term is defined as a period of three to five years. Our ratings are defined below:
Note: The Company does not earn fees for investment recommendations or referrals. Our research reports are prepared for general circulation and are circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. The Independent Adviser Corporation, its affiliates, directors, officers, employees and employee benefit programs may have a long or short position in any securities of an issuer or in related investments. Please read our full disclosures by clicking here.
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