analysts

Could Henry Blodget be a $15 billion liability? Easy

Nick Douglas · 09/29/06 01:55PM

Amazon's stock will hit $400, predicted analyst Henry Blodget in 1998. It didn't. The stock now trades at $32.14, but Blodget got attention and a job at Merrill Lynch. Never mind that he was a journalist by trade, with no analyst training. One dot-com bomb later, Merrill let him go, Eliot Spitzer charged him with securities fraud (he settled), and the "analyst" was banned from the securities industry for life.