STOCK RESEARCH: AN UNCERTAIN FUTURE

NEWSWEEK
May 5, 2009

Individual investors are rapidly losing sources of analysis and advice, as money set aside for independent research dries up and Wall Street firms slash budgets. "When [people] have to start paying for equity research, [they] could come to the conclusion it's not worth all that much to them at the margins," says CRAIG LEWIS, professor at Vanderbilt University's Owen Graduate School of Management.