Pachter: "I was wrong about Red Dead"

[theRepublic]

Shorty11857 said:

theRepublic said:

Shorty11857 said:

badgenome said:

Seihyouken said:
Pachter seems to get a lot of shit for no good reason. He's an analyst, not a fortune teller. He's not always right. It's unrealistic to expect him to be always right. Really he's no different than many of us on the forums, it's just that he is a professional in the field. Perhaps that's why he's so hated irrationally. People are jealous of him.

I'd say he's more of a fortuneteller than an analyst. At least in the sense that if he's ever right, it's completely by accident.

and yet he's ranked as one of the best analysts in the world

By who?

"Mr. Pachter has been recognized as StarMine's Top Earnings Estimator year after year and Best on the Street by the Wall Street Journal."

http://www.wedbush.com/inside/CapitalMarkets/ResearchProfessionals.asp

A blurb from the company website where he works?  Nice source.

From what I can tell, he only won the StarMine award in 2008, and it is industry specific, so they give out a ton of awards.  I know he didn't get an award from them in 2009 or 2007.  If you want to try and look further back go ahead, but they are not easy to find.  As for the Best on the Street Awards, he got third in his industry in 2005.  He didn't get Top 5 in his industry in 2006, 2008, or 2009.  I'm having trouble finding the list for 2007.

Even then, few (if any) people around here are talking about his stock picks or earnings projections.  When they call him a bad analyst, they are talking about his stupid predictions like when in mid 2007 he said there will be a Wii HD in 2009 or 2010.  Hell, in January of this year he still thought Wii HD was coming.  They are talking about stupid stuff he says like the PS3 with Move is the Wii HD and then declaring himself right.

Let's go back to something that affects investors again.  He predicted in 2005 that the generation would end up "Microsoft at 30-35 percent, Sony at 45-55 percent, and Nintendo at what's left."  That's a big miss.  Take a look at Richard's link in his sig.  Getting the EA will buy Take Two prediction wrong is another big miss for investors.

He is wrong all the time.  The only reason he is still relevant is that no one else spouts off about video game industry predictions as much as he does, so the gaming media eats it up.