These guys work for brokers' research departments. A few years ago I met a few to give a tour to our cable headend facility. None of them really knew anything about the cable industry other than financials and the kind of data you'd find in an annual report, but they all acted like we were wasting money on just about everything we were doing. An example, we had a GigEthernet connection to our CO at another site in town, which connected to the regional network over an OC12. The one guy proceeded to complain that we were seriously "over-provisioned" and wasting bandwidth. I mentioned that we owned the entire path and we might as well plan for the future since we were seeing 100% growth in traffic every year (this was the late 90's). I couldn't convince him that by restricting bandwidth on a fiber network we owned we weren't saving anything, just causing headaches down the road.

Any time you see an analyst telling a company how to run their business, it's best to ignore it. ...or better yet, do the opposite. That's what the traders do.