Researcher Edison is paid by companies to produce research. It is a prostitute. It does not question how good looking the client is or how much its breath smells of garlic it just gets on with the job at hand, penning research. At the end of the job the client is satisfied. The research is always bullish. And so worthless. Case in point XP Power (XPP) which at 1,494 is described as have an “undemanding” valuation. Oh tickle my cojones again madam and tell me how well-endowed I am.
XP Power (XPP) recently reported a 5% y-o-y revenue growth for the first half of calendar 2013. According to commissioned researcher Edison this demonstrated its ability to gain share in a tepid market. The researcher reckons the shares, now 1325p, are worth 1627p. It notes that…
XP Power (XPP) commissioned this research note from Edison and so it cannot be viewed as impartial. But the analysis appears solid and it contains detailed forecasts which are of interest.








