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Transparency of Analyst's Performance

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Estimates, Models and Valuation Methodology


Managing Conflicts of Interest
in Equity Research


Transparency of Analyst's Performance


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Transparency of Analyst's Performance

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Under the recent Research Analyst Settlement, Scimitar Equity, LLC (Scimitar) makes publicly available (downloadable excel format), no later than 60 days after the conclusion of each quarter (beginning calendar year January 2005), the following information, in any research report (including any research review or industry sector reviews) prepared and furnished by Scimitar and will include; subject company, names(s) of analyst(s) responsible for certification of the report pursuant to Regulation AC, date of report, rating, price target, period within which the price target is to be achieved, earnings per share forecast(s) for the current quarter, the next quarter and the current full year, indicating the period(s) for which such forecast(s) are applicable (e.g., 2Q04, etc.), and definition/explanation of ratings used by the firm. The data is provided in an Excel format.

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