From above is from the Bonitas bearish report on BW. I was an investment analyst in my younger years. There was no such time and budget luxury due to the typical workload of an analyst. I' m sure the same goes to the average auditor or banker. I also remembered I was being right on a company I was following and right after my sell report, I was hit by angry phone calls from London and New York from very senior people who have never spoken to me. That' s why I give alot more respect and credibility to a good firm like Bonitas. Of course nobody is 100% right but their meticulous and unbiased analysis only increases their odds of being right.