Greetings,

I thought I'd offer a little insight on the analyst recommendation topic that came up after the analyst meeting/presentation. I spoke with a colleague in the business to shed some light on this. Typically recommendations do not come out until a news release or there is a significant change in stock price. This makes sense and I think we have all seen this play out before. The reasoning is such that they do not want to be seen as giving a recommendation as a result of speaking with a company. This can obviously discredit their ability as analysts. They will move under the rule of wait for news and apply what they have learned. Long story short is that we probably won't see recommendations until there is an uptick in stock price associated with significant news. Don't know what news it takes...at this stage nothing seems to work though.

Intothewest