Just to avoid any misunderstandings: I spend exactly as much time on Modulight’s analysis as it requires. The company’s performance/development has nothing to do with motivation or webcast attendance, even though this time the questions were left unasked due to technical issues.
There are certainly fewer facts/visibility for making accurate forecasts here than average, but the analysis relies on all available relevant information, meaning a lot more than just forecasts alone. It is then a separate question how well the communication of this diverse overall picture succeeds, for example, in the limited space on the front page of a report. In a full report or an equity research report (laaja raportti), there is of course much more detail.
The same applies pretty much to all the companies I follow, perhaps with the exception of Orion: weak predictability does not mean one cannot give accurate recommendations. In fact, I think it’s quite the opposite, but that’s a different discussion…