Real Options Valuation
Market investors often carry out their research in a sell side or buy side method. Sell side carry out their investment research to enable them satisfy buy side customers. They carry out this research to generate business or reach the goal of generating transactions. The buy side follows the prospective of banking customers as away of attracting new customers and a service to past customers. Sell side firms sell IPO's and services to the buy side companies.
Buy side and sell side
Buy side reports produced in house consumption are used by colleagues to the analyst. These colleagues can be corporate development executives and development and portfolio managers. Sell-side reports done by firm analysts are vastly distributed than the buy side reports. Sell side reports should be clear because of their wide distribution, while by side reports should be simple and brief because company's management uses them. In the sell-side, the analyst has a twofold problem; the analyst has to reach a convincing decision by investigating an investment in a disciplined way and reaching a required wise decision. Secondly he must report in a tone and language convincing to others. This means that the analyst has to have contingent writing ability. A skilled analyst will simplify technical language, putting down key points enabling them to communicate effectively to the readers. A cogent analysis will start by a sort description of a company and ends with the recommendations.
The sell side is about communicating valuation analysis results through different methods. One can print the communication, pass it through emails, faxes or pass it verbally. On the buy side, one is paid to outperform the index without talking to anyone. As a sell side analyst, Martin works for brokers and dealers who sell the research to their buy side clients. Buy side has a form of investment while sell side clients use different types of money management disciplines.
While working for CSFB as a sell side analyst Martin was expected to satisfy three groups; the buy firms she...
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