If you are still wondering whether you should waste your time pouring through sell side analyst reports read on...
A recent study by a group of university boffins find that you are probably at the bottom of the food chain. The report is an interesting read, the most important needs no further explanation.
The
Truth About Wall Street Analysts & Why You Need Independence
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2228373
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