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Apr 30, 1999

Walls come tumbling down

Wondering about analysts who accentuate the positive, eliminate the negative

When a Wall Street analyst puts a buy recommendation on a company, he means 'it's okay to be in the passive, low-risk, low-payoff dividend reinvestment plan,' explains a sardonic financial glossary recently offered by Brill's Content. Hold actually means sell, and on those rare occasions when a sell appears in brokerage house research, 'the company is most likely already in Chapter 11.' This is not far from the conventional Wall Street wisdom that analysts are generally reluctant to issue

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