No analyst at a major brokerage firm followed the company.
If analysts do not follow the rules, he says, they should be subject to malpractice suits, as are doctors and lawyers.
As a matter of fact, most analysts do not follow Grey.
No analyst from a leading Wall Street firm follows it.
Plus, it is unclear whether many analysts will follow the companies and offer investors needed guidance.
Only five analysts follow the company, and institutions own only 15.5 percent of its stock.
When writing for the blog, analysts follow guidelines that apply to regular work, he said.
But not all the analysts followed its lead by raising their growth estimates, which compare 1998 data with forecasts for 1999.
There is little science here - most so-called analysts and brokers follow the pack.
Although only five analysts follow the company, they all recommend it.