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Jan 162014
 

An article published yesterday (https://www.marketwatch.com/(S(rnrsydaynixa5x55oiibxm45))/story/analyst-shunned-after-knocking-apple-amazon-for-ethics-2014-01-15; obtained on 1-16-13) online in Market Watch seems to indicate that an identified equity research analyst who may have a good deal of intuition has apparently recently been criticized for pointing out what he sees as extant  behavior (which could be identified as predominantly Enterprising behavior in Holland’s Theory; please see information in “Six Part Series: Healthy Change” © 2011 in The Hygiology Post ®)  that needs to change.  The article began the following way:

“Al Lewis Archives | Email alerts

Jan. 15, 2014, 10:17 a.m. EST

Analyst shunned after knocking Apple, Amazon for ethics

Opinion: Do great products and great returns make up for immoral behavior?

It’s never a good idea to go on CNBC and point out even just a few tiny flaws in our wonderful capitalist system.

Equity research analyst Ronnie Moas tried this last week, and here’s happened: The show’s host insinuated he was having a nervous breakdown; He received anonymous death threats; He lost tens of thousands of dollars in business as some clients became outraged and dropped his service; He got pasted with labels and trash-talked in the media. Watch the interview.

‘His research report is a lot of baloney — and could be financially dangerous to investors,’ a Jan. 12 story in the New York Post opined.

The words of Moas, founder of Miami-based Standpoint Research, were never called ‘financially dangerous’ before. His research boasts top rankings from briefing.com, Yahoo Finance and Motley Fool. He says his time-stamped stock recommendations have bested the Standard & Poor’s 500 more than 69% of the time since 2008. He sells his research mostly to hedge funds and institutional investors who profit from the advice.

‘I am not a communist, socialist or anti-conservative,’ Moas said in a telephone interview.

He has simply reached a point where he can no longer take the ever-widening gap between the rich and poor and all the exploitation that comes with it. He is sick of people valuing money and objects over human beings. He is sick of large corporations that grossly underpay their workers and sometimes even poison their customers.

To justify blatant and destructive selfishness by calling it capitalism is absurd. So he spoke up.

He made his point by putting out a research note that blacklisted three companies — Apple /quotes/zigman/68270/delayed/quotes/nls/aapl AAPL -0.35%  , Amazon /quotes/zigman/63011/delayed/quotes/nls/amzn AMZN +0.05%  and Phillip Morris /quotes/zigman/499558/delayed/quotes/nls/pm PM +0.75%  — on ‘moral and ethical grounds.’

Then he got on cable TV and said things about these companies that have been said for years. But somehow, when an analyst says it, and puts out an accompanying ‘sell’ recommendation, some people just freak out.

Moas merely noted: Phillip Morris sells a product that kills people; Apple pays contract workers in China so little they have been committing suicide; Amazon’s founder Jeff Bezos sits on a $27 billion fortune while his warehouse workers suffer low pay and unfair working conditions.”

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Louis DeCola, Jr.  © 2013                                    The Hygiology Post ®