Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Thursday, October 13, 2005
Investors Beware
Investors beware. Corporate press releases are full of spin tricks designed to lead you to their conclusions. One style of press release the seemingly benign corporate profile. There is no news here. The profile a sophisticated calling card attracts basic attention. Such critical information such as mission statements and url's are usually included. The news is not hard. Regulators look at it and say "so what there is nothing of substance". Yet a steady diet has an effect. Much like that pretty girl that walks by your table every once in awhile. You may tend to notice after a while. Be careful of the mood lighting and background music. She does want the attention and knows how to work it.