HOLD on for the crash!!!
Soleil Securities Group Inc. analyst Scott Tilghman said in a note to investors on Wednesday that Sharper Image's filing was not a surprise. Tilghman, who had rated Sharper Image "Hold," said he was discontinuing coverage of Sharper Image.
"We find no reason for investors to be involved with Sharper Image in the near term," he wrote.
Let's think about this for a second. Before the filing, the above analyst thought his firms's clients should hold the shares. He seemingly expected the bankruptcy filing because he clearly was not suprised. Then after the filing he finds no reason to be involved with the company?
Can you imagine the logic these guys use on other "investments?"