International Economic Research for the Institutional Professional
Strategic International Securities Research (SISR) was created in the aftermath of the market decline of 2001 recognizing the difficulty of major banking firms to be fully objective in light of their banking, institutional, and even retail client interests. In October of 2005 Philip Millerwrote a research article entitled: “The Failure of the Analyst in the Collapse of Intel Corporation 2001” which was critical of the discounted cash flow models and all their variants that is the standard analytical techniques used by most analysts. In that study Miller developed a model identified as CEFA (Cross-Sectional Economic Factor Analysis). It used a combination of Arbitrage Pricing theory with conventional economic data provided by the government as the factors in the pricing model. It argued that all the data which clearly pointed to the catastrophe of Intel Corporation (INTC) in late 2000 was available, free of charge from the U.S. government. Except for one analyst, almost no one noticed.
In response to the conceptual limitations and the programmatic interests and needs of most research departments, we created the intellection foundation for SISR. SSIR is a fully independent research firm geared to focusing on the markets from a fully independent perspective serving the needs of investors to see the markets as fully unfiltered as possible. Our objective is to assist our clients in transparency, and clarity of the mine fields of investing, from the political, economic and the financial perspective.
Our mission is to serve the investor and not the companies or the financial institutions that often support them. Transparency is our goal.