The SET Index is down some -7% this month with several stocks falling much further and yet last month all I could see filling up my mailbox was buy buy buy, hold….look I’m not against sell-side research at all, I use it to see data points and if there is anything interesting about a company we follow, but remember these guys/gals have to follow anywhere between 10-25 companies at a go here in Thailand so its not that they are necessarily rubbish at the work they do, but do take any recommendations with a grain of salt…