Originally Posted by HerrBremerhaven
I am not talking about financial writers - I am talking about the analysts at Wall Street firms that cover Kodak. Perhaps you are unfamiliar with the analyst's role in the stockmarket? These are industry specialists working at the major underwriting and trading firms. Their analyses and resulting Buy/Sell/Hold recommendations are key advisories to their firm's own tradiing positions as well as to those firms institutional clients.
If you think these people are just pundits you are very mistaken. They move huge sums of money in the market - and you can bet the farm that public companies are very responsive to their questions and analyses.
BTW: Top level Street analysts often command eight figure incomes; well above the salaries of many of the CEOs of the companies they cover. These are not low-level, green eyeshade number crunchers.
And yes, because many of them advise "specialist" firms which are "buyers of last resort" in making a market in certain stocks in the NYSE - they are very tuned-in to the performance of the companies they cover.