Subject: Re: Capital allocation at Berkshire
"Lex has hypothesised that it would be better to invest in companies the very mention of which can leave news editors dozing peacefully in their swivel chairs."

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?