3612 days ago
Canacord is joint broker to Quindell (QPP). When Gotham City published its dossier Canacord withdraw its “buy” recommendation on the stock and said that its stance was “under review”. Almost two months later it is still “under review”. WTF is going on?
Quindell’s other broker Cenkos has reinitiated its coverage with a “buy” stance. I have discussed the nature of broker research on corporate clients recently HERE and I would frankly expect BOTH of Quindell’s paid brokers to be saying BUY. So what is Canacord analyst Kevin Ashton – a sharp and decent fellow – not saying Buy?
