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Tuesday, Feb 28
2012, 10:56 AM
Look to fade questionable (name changed) downgrades as a way to build positions in growth...
Look to fade questionable (name changed) downgrades as a way to build positions in growth stocks, writes Josh Brown. One tell is channel checks - "one thing sell-side analysts suck more at than tackle football." Another is short-term pressures such as the downgrade of Buffalo Wild Wings because of a rise in chicken wing costs - a trivial matter to someone investing in a fast-growing business.