NEW YORK (TheStreet) -- In case I haven't given it away in my writing, I'm not a big fan of most Wall Street analysts. So, right off of the bat, you and I (assuming you're not a Wall Street analyst) have something in common. Though, I understand many of those cats are self-hating anyway.
Nevertheless, the ones who are good (and there are many dozens) are damn good. Tony Wible, who covers Netflix (NFLX) for Janney Montgomery Scott. Great example. It's also tough not to like Richard Tullo, who covers Pandora (P), among other stocks, for Albert Fried.
Watch Tullo's Tuesday appearance on CNBC, where he does two excellent things we do not see enough on television or read as much as we should in print and online.
Number one. Tullo tells CNBC, Listen, Pandora is a great company, but it has run like 65% off of its lows. We would be nuts not to take profits; as such, we'll advise our clients to do the same. See, cost basis absolutely DOES matter.Number two. He places blame where it belongs in the dysfunctional Web streamer/music label/artist relationship. It's squarely on the music labels. Watch the video. Everything Tullo says nails it -- makes perfect sense -- particularly the part about Adele's rise via MySpace.
I hope Tullo gets called in to testify in front of Congress. Of course, they will not call me, but, if they did, I would be there in a heartbeat. To defend not only Pandora, but Spotify as well. Make no mistake, if you defend Internet radio companies, you are standing up for musicians and consumers of music. That puts you at odds with the record labels.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV