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Firm's stock selections beat peers.(The Dallas Morning News)
DALLAS _ Southwest Securities Group Inc. carries neither the name recognition nor the prestige of the top Wall Street brokerage houses and investment banks. But when it comes to research, Southwest apparently trumps them all. .
Southwest beat out 15 leading investment firms for the five-year performance of its stock recommendations, according to a survey by Zacks Investment Research Inc. Stocks recommended by Southwest analysts returned 235.4 percent for the five-year period ending September 2000, which was 5 percentage points ahead of Lehman Bros., the nearest competitor.
"We are just extremely excited about this because it's not just over one or two quarters, but rather it's over a period of years," said Ozarslan Tangun, director of research.
Zacks, at the request of Dallas-based Southwest Securities, measured the group's research recommendations against those of 15 brokerage firms featured quarterly in The Wall Street Journal.
Southwest is not eligible for that contest because it does not have the requisite number of brokers.
Tangun said the ...
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Source: HighBeam Research, Firm's stock selections beat peers.(The Dallas Morning News)