What are the pros and cons? Which do you prefer? Thanks
It’s FactSET
Thomson has great Excel Add-ins, I’ve used Thomson ONE Banker and they have a new spreadsheet link coming out.
Having worked for one of the companies mentioned… If you have nothing in your office you need a bloomberg… Once you have that bloomberg, Cap IQ is much cheaper than the rest. I believe they have crazy offers now like buy 1 get 2 free…Many analysts will use Yahoo Finance as a fast backup… Yahoo Finance uses Cap IQ. I also heard great things about Thomson One as they are getting their merger finally sorted out. I’d avoid FactSet.
thomson is really good factset is more accurate than capIQ but way more expensive capIQ has mistakes but it’s reasonably reliable
From 2 months ago it was Cap Iq Buy 1 get 2 free, Thompson buy 1 get 1 free all for the same price as one FactSet. FactSet may be accurate with some things, other things not but is not worth the $$$. Each service has their own kinks. But again. Make sure you have that Bloomberg first and foremost… Then look at Cap Iq or Thompson
I prefer FactSet - I find the syntax more logical and from my experience it’s more auditable/transparent than FactSet. However, always make sure you check the numbers because it seems like FactSet messes up a lot - from wrong numbers to doing illogical things (example: many European companies only report financial data every six months. CapIQ will take this data, divide it by two, and call it quarterly).
brainpower Wrote: ------------------------------------------------------- > thomson is really good > factset is more accurate than capIQ but way more > expensive > capIQ has mistakes but it’s reasonably reliable What Thomson are you guys using? I use Thomson One (both desktop and web-based versions) and find it to be the clunkiest software ever. I hate it.
Here are the add-ins that I know of, please rank from 1 being the Best and the lower # worst. Factset CapIQ Thomson Banker Thomson Reuters Spreadsheet Link Baseline Bloomberg Excel Reuters Add-in
Thomson products suck. Capital IQ is much better. FactSet I have not used, but heard it is solid.
Add-ins are only one part of the equation. There is Portfolio Analysis, Research, Fixed Income, etc… As someone who used to work for the above companies and seen feedback, people love Cap IQ for it’s functionality and being 1/2-1/3 the cost of FactSet. Many people were also raving about the new Reuters/Thompson offerings. Bloomberg is a need to have in most business. They have also been ramping up their offerings. Baseline is so-so. I’d avoid FactSet. It’s a high price for a product with issues.