We are pleased to announce the Bank of New York’s ConvergEx has selected Ockham Research to receive its Best Bullish Stock Selection Award for the second quarter 2010. BNY’s Jaywalk platform is the best 
measuring stick for independent research shops, and we are very pleased to be recognized for our work over the last quarter. We are grateful for this award and will strive to win more in the future.
In case you are wondering, the criteria for our selection reads as follows, “Best Bullish Stock Selection, which identifies IRPs whose buy calls most outperformed their coverage, scaled by their aggressiveness in making bullish recommendations.” (link to press release) In short, we were correct on our bullish calls more than the multitude of other research firms that submit their picks and ratings to the platform according to third party auditors Abacus Analytics. For a quarter that was generally very bearish for the stock market (the S&P 500 fell about 12%), we are extremely proud that our valuation methodology held up as well as it did in those turbulent months.
