Subject: Re: Capital allocation at Berkshire
"Jim, a similar thought popped into my mind recently - could there be an advantage investing in stocks of larger companies that, for whatever reason, have no/little analyst coverage.

The thought being, those less under the microscope and less widely tracked/studied may be largely ignored and could represent some hidden gems.

It's been many years, but I feel like I vaguely recall either ValueLine or SIPRO fields that track number of analysts covering.

Has anyone done backtesting on stocks having zero analyst coverage as the universe?"

I get the free emails from Eddy Elfenbein of CWS (Crossing Wall Street) who often mentions the performances of successful companies with little to no analyst following in the states.