Company meetings less important than analysts

conference

Fidelity fund manager Colin Stone claims there is little value to be added by meeting company manage...

Fidelity fund manager Colin Stone claims there is little value to be added by meeting company management nowadays, and instead analysts must look more closely at other factors when researching stocks. Stone, manager of the Fidelity European Opportunities and European Smaller Companies funds, said markets are becoming more efficient and investor relations are improving. He said: "Most companies have an army of investor relations people, which has created a world of perfect information that is freely available through many sources." Coupled with selective disclosure rules, there is fa...