A reminder of why analysts collectively are always wrong

A pretty downbeat note on African Barrick by Morgan Stanley was passed my way today. In our morning investment meeting I was asked for my opinion on this. 

One comment was made be may, that was all that was needed really – they had the stock as a Buy only 2 years ago with a price target of 1030!! How to lose money eh..?

Check out page (26) on the link below to read just how we proved they are collectively as useful as the hovercraft/car hybrid seen on Topgear last night!