Article: Unbiased observers. (Investments & Finance).(pay attention to independent stock research firms)

Too bad more people weren't listening. In March 2000, Precursor Group, an independent stock research firm in Washington, correctly predicted that the U.S. government would block WorldCom Inc.'s proposed takeover of telephone rival Sprint Corp. -- perhaps ending WorldCom's growth-by-acquisition strategy. WorldCom shares closed at $41.39 on the day of the report.

On Jan. 22, 2002, Precursor Chief Executive Scott Cleland declared, "WorldCom has a dying growth model." The shares traded that day at $12.28. Almost a year and a half later, WorldCom has gone bankrupt and its shares are worthless.

Precursor's prescient comments were in sharp contrast to the ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!